Philosophy Dictionary of ArgumentsHome | |||
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Markets: A market in economics is a physical or virtual place where buyers and sellers come together to exchange goods and services. Markets allow people to specialize in different areas of production, they provide competition, and promote innovation. See also Competition, Progress, Economy, Goods, Exchange, Trade, Innovation._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Hal Varian on Markets - Dictionary of Arguments
I 495 Markets/Varian/Shapiro: information markets are not like competitive markets, markets in which there are many suppliers offering similar products, each lacking the ability to influence prices. >Information/Economic Theories, >Information economics, >Information production. I 534 Characteristics of an information market: 1.The dominant firm (…) may or may not produce the “best” product, but by virtue of its size and scale economies it enjoys a cost advantage over its smaller rivals. I 540 2. In a differentiated product market we have a number of firms producing the same “kind” of information, but with many different varieties. Taken from: Information Rules Shapiro, Carl. Information Rules: A Strategic Guide to the Network Economy Harvard Business Review Press. Kindle Edition._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconVarian I Hal R. Varian Carl Shapiro Information Rules: A Strategic Guide to the Network Economy Cambridge, MA 1998 |