article Open AccessTop 1% cited
Electronic markets and electronic hierarchies
Communications of the ACM · 1987 · Vol. 30(6) · pp. 484–497
Thomas W. Malone✉(Massachusetts Institute of Technology)JoAnne Yates(Massachusetts Institute of Technology)Robert I. Benjamin(Xerox (United States))
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.
Digital Platforms and EconomicsBusiness Strategy and InnovationAuction Theory and ApplicationsElectronic marketsComputer scienceWorld Wide WebThe Internet
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References
The Economics of Organization: The Transaction Cost Approach
American Journal of Sociology · 1981 · 6,293 citations
Decisions with Multiple Objectives: Preferences and Value Tradeoffs.
Journal of the Operational Research Society · 1994 · 8,440 citations
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