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Homework answers / question archive / It is obvious that the improvement in technology affect the market structures of various products

It is obvious that the improvement in technology affect the market structures of various products

Economics

It is obvious that the improvement in technology affect the market structures of various products. This is not a new phenomenon. If you go back little bit, you will see that even telegraphic transmission (simply the invention of telegraph) affected the markets heavily. With the introduction of telegraph, the price gap between markets is narrowed (Scharlott; 1987; Field, 1998; Thomson, 2011; Hao et al., 2020). Mobile phones and internet, relatively recent technological developments have similar impacts on markets, carrying this price stability across even continents (Abraham, 2006).

REFERENCES

Abraham, R. (2006, May). Mobile phones and economic development: Evidence from the fishing industry in India. In 2006 International Conference on Information and Communication Technologies and Development (pp. 48-56). IEEE.

Field, A. J. (1998). The Telegraphic Transmission of Financial Asset Prices and Orders to Trade: Implications for Economic Growth, Trading Volume, and Securities Market Regulation. Research in Economic History, 18, 145-184.

Hao, Y., Li, Y., & Nye, J. V. (2020). Information Transmission and Market Integration: The Impact of Telegraph Construction on the Grain Markets in Late Imperial China.

Scharlott, B. W. (1987). The Telegraph And The Integration Of The Us Economy: The Impact Of Electrical Communications On Interregional Prices And The Commercial Life Of Cincinnati (United States).

Thomson, R. (2011). Did the Telegraph Lead Electrification? Industry and Science in American Innovation. Business & Economic History On-Line, 9.

This piece is just to show you how we need to provide information. These sentences are totally mine. I am using the information from the articles but not using any word from them. Also, it is important to know how to cite. Inside the parentheses, the articles are chronological, while the articles are alphabetical in the reference list.

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