The good monopoly? A case for joint ownership of competing systems
Article Abstract:
It has been said that monopolization in any particular market is detrimental to the economic efficiency and growth of a certain industry unless a competing firm enters. However, results of a study indicate that joint ownership, particularly in the telecommunications industry, is more ideal and beneficial. Separate ownership leads to higher production costs due to the excessive adoption of the system that most consumers favor. Joint ownership cuts down on costs and also allow consumers to become more discriminating in their choice of goods and services.
Publication Name: Information Economics and Policy
Subject: Library and information science
ISSN: 0167-6245
Year: 1997
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Information, coordination and macroeconomics
Article Abstract:
Economists who want to see macroeconomics in terms of difficulties of coordination may adopt as their analogy the management of traffic networks to escape crowding. Economists may study system decomposability and examine the multiplier process from a matrix viewpoint to learn the scope wherein costs decisions yield localized stresses or break up in the wider system. Also, economists may conduct field research into networks of transactions in various kinds of contexts to determine how institutional disparities retard growth or unemployment.
Publication Name: Information Economics and Policy
Subject: Library and information science
ISSN: 0167-6245
Year: 1998
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Information economics research: points of departure
Article Abstract:
Information economics recognizes a need for analysis that develops on knowledge-based and communications perspectives. A knowledge-based economy is significant for its theoretical, historical and political implications, It is important since basic principles of economic analysis cannot be adopted simply to knowledge production and use and because the most relevant political issues, such as globalization, polarization and environmental sustainability call for a new focus on knowledge and learning.
Publication Name: Information Economics and Policy
Subject: Library and information science
ISSN: 0167-6245
Year: 1998
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