OCED: Internet Intermediaries Create More Competition
The attached report from the Organisation for Economic Co-operation and Development (OECD) discusses the development of “internet imtermediaries” including search engines, portals, and the broad range of participative networked platforms such as social networking sites and wikis. The report concludes that:
Intermediaries create significant market efficiencies by bringing suppliers and demanders closer together, thus decreasing transaction costs such as the cost of searching for a buyer or a seller. They ensure that markets work better and create more competition as well as allow for a greater internationalisation of markets. Indeed, Internet intermediaries facilitated trade by allowing the expansion, aggregation and globalisation of markets as well as the customisation of goods and services. [Emphasis added.]
