Nov 12, 2013
What Twitter, the London Stock Exchange, and eHarmony Have in Common and Why the Capital Markets Industry Should Care – David S. Evans (GlobalEcon/UChicago)
At the turn of the century economists made an important discovery. That discovery has revolutionized how we analyze businesses like many of yours. It has huge practical implications for corporate strategies. It has important insights into public policy. And it provides a framework for thinking about how the global capital markets industry could, and perhaps, should evolve.
To help you understand this breakthrough let me begin by telling you about the births of three very different industries.