Electronic markets and electronic hierarchies
Open Access
- 1 June 1987
- journal article
- research article
- Published by Association for Computing Machinery (ACM) in Communications of the ACM
- Vol. 30 (6) , 484-497
- https://doi.org/10.1145/214762.214766
Abstract
By reducing the costs of coordination, information technology will lead to an overall shift toward proportionately more use of markets—rather than hierarchies—to coordinate economic activity.Keywords
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