Abstract:Adoption of new technologies can disrupt market structures, leading to the demise of processes rendered obsolete (such as scribal labour) or eventually creating a new practice (such as the free publication of a crowdsourced encyclopaedia). In the case of the publishing industry, the current changes observed due to the prevalent use of ICT and the Internet are reminiscent of the changes observed throughout the fifteenth through eighteenth centuries, when technological changes led to new market players, new prod… Show more
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