The ICT Revoluation in Consumer Product Markets

Assar Lindbeck and S. Wikstrom

Working Papers from Stockholm - International Economic Studies

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.

Keywords: TECHNOLOGY; ASYMETRIC INFORMATION; COMPETITION (search for similar items in EconPapers)
JEL-codes: D13 D40 D8 L1 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1999
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Working Paper: The ICT Revolution in Consumer Product Markets (1999)
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