20 Years of Research in Electronic Markets and Networked Business: An Interview with Thomas Malone

摘要

Malone, Thomas W., Yates, JoAnne, and Benjamin, Robert I. Electronic Markets and Electronic Hierarchies. Communications of the ACM, 1987, 30 (6), pp. 484-497. This now classic article on the Electronic Market Hypothesis (EMH) has had considerable impact on our field. In essence the authors assert that: By reducing the costs of coordination, information technology will lead to an overall shift toward proportionately more use of markets—rather than hierarchies—to coordinate economic activity.