Beyond the Hype of Frictionless Markets: Evidence of Heterogeneity in Price Rigidity on the Internet
Journal of Management Information Systems
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The minitrack on Market Technostructure appears for the third time at HICSS-32. The mini-track continues to examine the impacts of information technology on trading institutions, and on outcomes in markets. The subject area has a focused interest in understanding how a market's computer-based support for the pricing and exchange of assets or products in an industry can redefine the roles of intermediaries, alter the need for physical proximity among transactors and cause fundamental change in the prices and outcomes achieved in the market. Advances in financial market technostructures are driving the most visible transformations in large part because financial markets have no physical product for distribution, and numerous, competing mechanisms are available for providing information and executing transactions.