March 04, 2005
Middlemen are ubiquitous in nearly every economy above the level of hunter-gatherer. One of their biggest functions has been information: They invest in (and profit by) developing information about buyers and sellers that it would not be profitable for buyers and sellers to develop themselves.
By increasing information and decreasing search costs, the information age has changed that function. Just how, and how much, will be the subject of a conference at the Michigan State University College of Law on April 8-9, 2005. It’s called W(h)ither the Middleman: The Role and Future of Intermediaries in the Information Age, and there’s a pretty formidable lineup of speakers on nearly every aspect of the issue. The conference announcement is here.
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