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- catalog abstract "This paper argues that in many industries IT adoption will lead to increased use of hierarchies instead of markets for coordinating economic activity. This contradiction of the 'electronic markets hypothesis' stems from a focus on process-enabling information technologies (PEITs). PEITs are competitively valuable in many industries, and are more easily deployed within hierarchical organizational structures. This is because Hierarchies have access to selective intervention by senior managers, while markets generally do not, and because the asset specificity and impossibility of complete contracting with PEIT make it optimal to place these technologies under common control. This paper defines PEIT, discusses its salient characteristics, and uses economics literature on the theory of the firm to support an 'electronic hierarchies hypothesis.'".
- catalog contributor b12964341.
- catalog contributor b12964342.
- catalog created "c2003.".
- catalog date "2003".
- catalog date "c2003.".
- catalog dateCopyrighted "c2003.".
- catalog description "Includes bibliographical references.".
- catalog description "This paper argues that in many industries IT adoption will lead to increased use of hierarchies instead of markets for coordinating economic activity. This contradiction of the 'electronic markets hypothesis' stems from a focus on process-enabling information technologies (PEITs). PEITs are competitively valuable in many industries, and are more easily deployed within hierarchical organizational structures. This is because Hierarchies have access to selective intervention by senior managers, while markets generally do not, and because the asset specificity and impossibility of complete contracting with PEIT make it optimal to place these technologies under common control. This paper defines PEIT, discusses its salient characteristics, and uses economics literature on the theory of the firm to support an 'electronic hierarchies hypothesis.'".
- catalog extent "21 p. :".
- catalog isPartOf "Working paper (Harvard Business School. Division of Research) ; 03-078.".
- catalog isPartOf "Working paper / Division of Research, Harvard Business School ; 03-078".
- catalog issued "2003".
- catalog issued "c2003.".
- catalog language "eng".
- catalog publisher "[Boston] : Division of Research, Harvard Business School,".
- catalog title "New technologies, old organizational forms? : reassessing the impact of IT on markets and hierarchies / Andrew McAfee.".
- catalog type "text".