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The Conclusion

In: How Digital Communication Technology Shapes Markets

Author

Listed:
  • Swati Bhatt

    (Princeton University)

Abstract

We are in a moment of increasing interdependency because of our connections. Competition in terms of a zero-sum game is simply not an option. There is an acknowledgement, by recognizing our intertwined lives, that cooperating is the individually rational way forward. Since common knowledge is endemic in the network economy – my strategy choices are known almost before I know them – an open conversation about the game, or cooperation, is the best strategy. When the dominant pillars of the network economy are technology and human behavior, and technology has outrun the limits of the law and our ability to grasp its global outcomes, we adapt to fit the environment as we transform it. We cooperate in order to better comprehend.

Suggested Citation

  • Swati Bhatt, 2017. "The Conclusion," Palgrave Advances in Economics of Innovation and Technology, in: How Digital Communication Technology Shapes Markets, chapter 9, pages 143-148, Palgrave Macmillan.
    • Handle: RePEc:pal:paiecp:978-3-319-47250-8_9
    DOI: 10.1007/978-3-319-47250-8_9
    as

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