Internet based economy of the 21st century
AbstractWhat and how a networked economy is formed. Four main processes: 1)Growth of the Internet-technologies set and its applications; 2)Growth of economic settlers on the Internet (some statistics); 3)Network forms of organization design (four type of benefits); 4)Network forms of institution design (trade, finance and labour). List of networked economy features and differences from market and hierarchy forms. Co-evolution of three forms (market, hierarchy and networked economies). Type of relations and coordination mechanism of the networked economy. Renaming of the "Networked Economy" as the "Economy of Direct and Collaborative Relations" (EDCR).
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Bibliographic InfoPaper provided by The Institute of Economics and Industrial Engineering of SD of RAS in its series Russian Working Paper Archive for Economists and Sociologists with number 1762001.
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Note: Document in Russian, August 1998.
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Networked Economy; Internet technologies; mechanism of coordination; organizational forms;
Find related papers by JEL classification:
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-08-21 (All new papers)
- NEP-IFN-1998-08-21 (International Finance)
- NEP-MIC-1998-08-21 (Microeconomics)
- NEP-NET-1998-08-21 (Network Economics)
- NEP-TID-1998-08-31 (Technology & Industrial Dynamics)
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