Transforming information markets: Implications of the digital network economy

Bates, Benjamin J.

doi:10.1002/meet.2008.1450450218

Cited by 4 publications

(4 citation statements)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Based on the modern marketing economy, the network economy has its own ethics, which may be multifold in different ISSN 2250-3153 http://dx.doi.org/10.29322/IJSRP.10.03.2020.p9915 www.ijsrp.org countries, nations and regions. One benefit of competitive markets is that producers are likely to lose their ability to extract monopoly prices and profits [8].…”

Section: Applicationsmentioning

confidence: 99%

See 1 more Smart Citation

Network Economy: An Introduction

Oteniya¹,

Sadiku²,

Musa³

2020

IJSRP

View full text Add to dashboard Cite

In few decades, we transitioned from the industrial economy to the IT economy and the Internet economy. The network economy is the next economic revolution. It may be regarded as the convergence of business and consumer networks. It is the business environment that has emerged as a result of ubiquitous information technology allowing access to information anytime and anywhere. This paper expounds the concept of the network economy.

show abstract

Section: Applicationsmentioning

confidence: 99%

“…They will need to adapt. Consumers increasingly place little value on the value of the content (information) and their ability to find, access, and utilize it [8].…”

Section: Applicationsmentioning

confidence: 99%

Network Economy: An Introduction

Oteniya¹,

Sadiku²,

Musa³

2020

IJSRP

View full text Add to dashboard Cite

show abstract

“…Modern social media tools enable information slaves to collect information about the world directly without any intermediation by traditional media. Consequently, traditional media like newspapers have to redefine their role on information markets, not as information aggregators, distributors, and intermediaries of the “truth,” but as deliverers of added‐value products like background information and interpretive frames of information for opinion building and information verification (Bates, ). However, information slaves will still need methods and tools to be able to critically and independently evaluate what is delivered via the many Internet information sources (information masters).…”

Section: Kernel Theory: Hegelianism and Information Politicsmentioning

confidence: 99%

The Hegelian inquiring system and a critical triangulation tool for the Internet information slave: A design science study

Wijnhoven

2012

J Am Soc Inf Sci Tec

View full text Add to dashboard Cite

This article discusses people's understanding of reality by representations from the Internet. The Hegelian inquiry system is used here to explain the nature of informing on the Internet as activities of information masters to influence information slaves' opinions and as activities of information slaves to become well informed. The key assumption of Hegelianism regarding information is that information has no value independent from the interests and worldviews (theses) it supports. As part of the dialectic process of generating syntheses, we propose a role for information science of offering methods to critically evaluate the master's information, and by this we develop an opinion (thesis) independent from the master's power. For this we offer multiple methods for information criticism, named triangulation, which may help users to evaluate a master's evidence. This article presents also a prototype of a Hegelian information triangulator tool for information slaves (i.e., nonexperts). The article concludes with suggestions for further research on informative triangulation.

show abstract

“…Secondly, the searching engine technologies greatly reduce people's searching costs and help customers quickly get the information correlates with their desire and at the same time, help the companies to find their potential customers precisely. Thanks to the new technology, the even greater variability in demand, and the opportunities for demand fragmentation and price discrimination for different demand segments, the "long tail" theory does work in the market share distribution area [13].…”

Section: Differentiationmentioning

confidence: 99%

Market Structure Formation Mechanism of Bit Product

Ye¹,

Shu²

2012

View full text Add to dashboard Cite

Bit products are those which are expressed in binary 0 and 1, they are distributed over data networks and stored in the form of bit stream. And the market structure of bit product differs from traditional physical products very much; there exist a widely popular phenomenon of “winner takes all” and long-tail market. This paper discusses what strengths the monopoly tendency while compelling the market environment becomes more competitive and why the structure is unstable. It’s the positive feedback of a synthetic function of economy of scale, network effect, lock-in effect and economy of scope that makes the market favor monopolization. At the same time, the short lifespan of bit product and differentiation guarantees the fierce competition. What’s more, technological innovations bring changes to market structures and accelerate the dynamic evolution

show abstract

Transforming information markets: Implications of the digital network economy

Cited by 4 publications

References 13 publications

Network Economy: An Introduction

Network Economy: An Introduction

The Hegelian inquiring system and a critical triangulation tool for the Internet information slave: A design science study

Market Structure Formation Mechanism of Bit Product

Contact Info

Product

Resources

About