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The ICT Revoluation in Consumer Product Markets

Author

Listed:
  • Lindbeck, A.
  • Wikstrom, S.

Abstract

New information and communication technology (ICT) makes consumers better informed about available products, product quality and prices, which mitigates problems of asymmetric information. The entry of firms is facilitated, competition and economic effiency is boosted and the market powers of households increased.

Suggested Citation

  • Lindbeck, A. & Wikstrom, S., 1999. "The ICT Revoluation in Consumer Product Markets," Papers 670, Stockholm - International Economic Studies.
  • Handle: RePEc:fth:stocin:670
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    More about this item

    Keywords

    TECHNOLOGY ; ASYMETRIC INFORMATION ; COMPETITION;

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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