The purpose of this paper is to elaborate an evolutionary perspective on the process of structural change that has characterized the banking industry in the United Kingdom (UK). For this purpose, the evolution of retail financial services is contrasted against the backdrop of the implementation...

In response to a request for comment from the Federal Trade Commission, this report is divided into three parts:• The FTC's continuing leadership in consumer protection for Internet access• Competition and consumer protection in a changing communications industry• Competition and consumer...

This paper presents a range of policies to enhance adoption of digital technologies and firm productivity. It quantifies illustratively the effect of policy changes by combining the results of two recent OECD analyses on the drivers of adoption and their productivity benefits. Increasing access...

In recent years, an increasing number of telecommunications companies such as BlackBerry Ltd. and software companies such as Apple Inc. or Google Inc. strived for a leading platform status within the information and communication technology (ICT) sector. While platform theory is able to cover...

Considering that the modified and improved ICT service becomes a commodity in the domestic and foreign markets, it can be said with complete certainty that the improved service in the domestic market, i. e. as a commodity, meets the demand of domestic consumers. But the updated and improved ICT...

Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries are narrowly defined. So there is a significant opportunity for the least productive firms to catch up to the most productive. The formers’ convergence could therefore...