IDEAS home Printed from https://ideas.repec.org/a/jes/wpaper/y2019v11i4p320-331.html
   My bibliography  Save this article

The new paradigm of market transparency: how smartphone apps shape the markets

Author

Listed:
  • Gabriel-Andrei DONICI

    () (researcher at Bukovina Institute of Studies, Radauti)

  • Paula-Elena DIACON

    () (researcher at Bukovina Institute of Studies, Radauti)

Abstract

The smartphone apps have revolutionized the markets of goods and services more than other recent technologies. Although they modified the market paradigm in sectors like accommodation, transport, or “gigs”, the changes in the way the economics systems function are still widely neglected by the literature. We intend to analyze some of these changes and their impact, which in economic history could only be compared with trade liberalization. The smartphone apps increase market transparency, reduce or eliminate the entrance barriers and expand the markets to unprecedented levels. Although we limit our observations to a few cases, the apps have the potential to revolutionize any given market. For the first time since the economy has become a recognized science, market transparency is more than a utopian goal. The apps are facilitating instant information transfer between suppliers and customers. What is clear is that the increase of market transparency is not limited to the sharing economy, but it can be found in all the segments.

Suggested Citation

  • Gabriel-Andrei DONICI & Paula-Elena DIACON, 2020. "The new paradigm of market transparency: how smartphone apps shape the markets," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11(4), pages 320-331, January.
  • Handle: RePEc:jes:wpaper:y:2019:v:11:i:4:p:320-331
    as

    Download full text from publisher

    File URL: http://www.ceswp.uaic.ro/articles/CESWP2019_XI4_DON.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jes:wpaper:y:2019:v:11:i:4:p:320-331. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alupului Ciprian). General contact details of provider: http://edirc.repec.org/data/csjesro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.