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Electronic markets and electronic hierarchies

Published: 01 June 1987 Publication History

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.

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Published In

cover image Communications of the ACM
Communications of the ACM  Volume 30, Issue 6
June 1987
92 pages
ISSN:0001-0782
EISSN:1557-7317
DOI:10.1145/214762
Issue’s Table of Contents
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

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Publication History

Published: 01 June 1987
Published in CACM Volume 30, Issue 6

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