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Internet based economy of the 21st century


  • Sergei Parinov

    () (IEIE)

  • Tanya Yakovleva

    () (IEIE)


What 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).

Suggested Citation

  • Sergei Parinov & Tanya Yakovleva, "undated". "Internet based economy of the 21st century," Russian Working Paper Archive for Economists and Sociologists 1762001, The Institute of Economics and Industrial Engineering of SD of RAS.
  • Handle: RePEc:nos:econom:1762001
    Note: Document in Russian, August 1998.

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    Networked Economy; Internet technologies; mechanism of coordination; organizational forms;

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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