How a 1930s theory explains the economics of the internet

This article explains why many industries are vertically integrated — the cost of owning and operating a supplier is less than transaction costs for buying from an independent supplier.

http://www.theguardian.com/p/3tgn4

refered by

http://www.appy-geek.com/Web/ArticleWeb.aspx?regionid=1&articleid=12805321

Advertisements