IDEAS home Printed from https://ideas.repec.org/a/jes/wpaper/y2019v11i4p320-331.html
   My bibliography  Save this article

The new paradigm of market transparency: how smartphone apps shape the markets

Author

Listed:
  • Gabriel-Andrei DONICI

    (researcher at Bukovina Institute of Studies, Radauti)

  • Paula-Elena DIACON

    (researcher at Bukovina Institute of Studies, Radauti)

Abstract

The smartphone apps have revolutionized the markets of goods and services more than other recent technologies. Although they modified the market paradigm in sectors like accommodation, transport, or “gigs”, the changes in the way the economics systems function are still widely neglected by the literature. We intend to analyze some of these changes and their impact, which in economic history could only be compared with trade liberalization. The smartphone apps increase market transparency, reduce or eliminate the entrance barriers and expand the markets to unprecedented levels. Although we limit our observations to a few cases, the apps have the potential to revolutionize any given market. For the first time since the economy has become a recognized science, market transparency is more than a utopian goal. The apps are facilitating instant information transfer between suppliers and customers. What is clear is that the increase of market transparency is not limited to the sharing economy, but it can be found in all the segments.

Suggested Citation

  • Gabriel-Andrei DONICI & Paula-Elena DIACON, 2020. "The new paradigm of market transparency: how smartphone apps shape the markets," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11(4), pages 320-331, January.
    • Handle: RePEc:jes:wpaper:y:2019:v:11:i:4:p:320-331
    as

    Download full text from publisher

    File URL: http://www.ceswp.uaic.ro/articles/CESWP2019_XI4_DON.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Harding, Simon & Kandlikar, Milind & Gulati, Sumeet, 2016. "Taxi apps, regulation, and the market for taxi journeys," Transportation Research Part A: Policy and Practice, Elsevier, vol. 88(C), pages 15-25.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wu, Tian & Shen, Qu & Xu, Ming & Peng, Tianduo & Ou, Xunmin, 2018. "Development and application of an energy use and CO2 emissions reduction evaluation model for China's online car hailing services," Energy, Elsevier, vol. 154(C), pages 298-307.
    2. Cai, Zeen & Mo, Dong & Geng, Maosi & Tang, Wei & Chen, Xiqun Michael, 2023. "Integrating ride-sourcing with electric vehicle charging under mixed fleets and differentiated services," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 169(C).
    3. Cassetta, Ernesto & Marra, Alessandro & Pozzi, Cesare & Antonelli, Paola, 2017. "Emerging technological trajectories and new mobility solutions. A large-scale investigation on transport-related innovative start-ups and implications for policy," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 1-11.
    4. Namgung, Hyewon & Fujiwara, Akimasa & Yamamoto, Jenny & Zhang, Junyi, 2023. "Small and medium-sized taxi firm operators' stated choices of future business models: A case study in Japan based on hybrid choice model with panel effects," Research in Transportation Economics, Elsevier, vol. 101(C).
    5. Tri Basuki Joewono & Muhamad Rizki & Jeanly Syahputri, 2021. "Does Job Satisfaction Influence the Productivity of Ride-Sourcing Drivers? A Hierarchical Structural Equation Modelling Approach for the Case of Bandung City Ride-Sourcing Drivers," Sustainability, MDPI, vol. 13(19), pages 1-17, September.
    6. Anne Brown & Whitney LaValle, 2021. "Hailing a change: comparing taxi and ridehail service quality in Los Angeles," Transportation, Springer, vol. 48(2), pages 1007-1031, April.
    7. Griffin, Greg Phillip, 2018. "Co-producing Mobility: Lessons from Ridesharing for a More Just and Sustainable Autonomous Future," SocArXiv xqmhr, Center for Open Science.
    8. Craig Standing & Ferry Jie & Thi Le & Susan Standing & Sharon Biermann, 2021. "Analysis of the Use and Perception of Shared Mobility: A Case Study in Western Australia," Sustainability, MDPI, vol. 13(16), pages 1-14, August.
    9. Pueboobpaphan, Suthatip & Indra-Payoong, Nakorn & Opasanon, Sathaporn, 2019. "Experimental analysis of variable surcharge policy of taxi service auction," Transport Policy, Elsevier, vol. 76(C), pages 134-148.
    10. Wadhawan, Siddharth R. & Pearce, Joshua M., 2017. "Power and energy potential of mass-scale photovoltaic noise barrier deployment: A case study for the U.S," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 125-132.
    11. Enoch, Marcus & Potter, Stephen, 2023. "MaaS (Mobility as a Service) market futures explored," Transport Policy, Elsevier, vol. 134(C), pages 31-40.
    12. Winter, Konstanze & Cats, Oded & Martens, Karel & van Arem, Bart, 2021. "Parking space for shared automated vehicles: How less can be more," Transportation Research Part A: Policy and Practice, Elsevier, vol. 143(C), pages 61-77.
    13. Thorsten Heilker & Gernot Sieg, 2017. "A duopoly of transportation network companies and traditional radio-taxi dispatch service agencies," Working Papers 24, Institute of Transport Economics, University of Muenster.
    14. Bilgin, Pinar & Mattioli, Giulio & Morgan, Malcolm & Wadud, Zia, 2023. "The impacts of ridesourcing services on the taxi market: Empirical evidence from England and Wales," Transportation Research Part A: Policy and Practice, Elsevier, vol. 178(C).
    15. Szeto, W.Y. & Wong, R.C.P. & Yang, W.H., 2019. "Guiding vacant taxi drivers to demand locations by taxi-calling signals: A sequential binary logistic regression modeling approach and policy implications," Transport Policy, Elsevier, vol. 76(C), pages 100-110.
    16. Iman Ahmadi, 2023. "Face/Off: The adverse effects of increased competition," Quantitative Marketing and Economics (QME), Springer, vol. 21(2), pages 183-279, June.
    17. Wang, Hai & Yang, Hai, 2019. "Ridesourcing systems: A framework and review," Transportation Research Part B: Methodological, Elsevier, vol. 129(C), pages 122-155.
    18. Andrés Fielbaum & Alejandro Tirachini, 2021. "The sharing economy and the job market: the case of ride-hailing drivers in Chile," Transportation, Springer, vol. 48(5), pages 2235-2261, October.
    19. Yang, Jie & Zhao, Daozhi & Wang, Zeyu & Xu, Chunqiu, 2022. "Impact of regulation on on-demand ride-sharing service: Profit-based target vs demand-based target," Research in Transportation Economics, Elsevier, vol. 92(C).
    20. Beibei Hu & Yawen Kong & Mengge Sun & Xianlei Dong & Gang Zong, 2018. "Understanding the unbalance of interest in taxi market based on drivers' service profit margins," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-18, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jes:wpaper:y:2019:v:11:i:4:p:320-331. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alupului Ciprian (email available below). General contact details of provider: https://edirc.repec.org/data/csjesro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.