I don’t know how many C&C read the economist supplement on
smart systems, or have been exploring with the next generation of what are
still called smart phones, but by this I mean at least iPhone 4GS onwards, but
one thing I have found is that you may photo a barcode or QR code, and an app
will look up the ANA data, while another will compare prices with geospatial
reasoning based on GPS.
This will allow you to shop around.
This means that sellers might have to compete on price.
This means they might reduce margins, or exert pressure on
suppliers.
This means everyone in the value chain might go bankrupt.
Does this make a market efficient?
Is this perfect information?