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Articles Archive for 14 January 2009

Information and Communications Technology, Transaction Costs »

[14 Jan 2009 | 2 Comments | ]

Upstream and Downstream Choices
It is fairly well understood that information and communications technologies (ICT) tools expand choice. We all have access to a very large set of information and have the freedom to choose what we want to read, watch, listen to, etc., etc. ICT expands our “downstream” choice. What is not as well understood is that it expands our “upstream” choice also. It is a two-way medium, unlike say broadcast and print media which only allows us downstream choice: using ICT we send back information indicating our choice and …