03839nam a22004695i 4500001001800000003000900018005001700027007001500044008004100059020003700100024003500137050000700172072001600179072002300195072001500218100008200233245019200315250001800507264007900525300006700604336002600671337002600697338003600723347002400759490005300783505054100836520152501377650002902902650003302931650002902964650005602993710003403049773002603083776003603109776003603145776003603181830006003217856004603277912001403323912001503337999001703352978-3-031-40407-8DE-He21320251030111423.0cr nn 008mamaa240212s2024    sz |    s    |||| 0|eng d  a97830314040789978-3-031-40407-87 a10.1007/978-3-031-40407-82doi 4aHC 7aKCZ2bicssc 7aBUS0230002bisacsh 7aKCZ2thema1 aGarg, Sonali.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut97089014aThe Telegraph and Stock Exchangesh[electronic resource] :bHow Innovations in Communications Technology Influenced Regional Exchanges in the United States, 1830–1860 /cby Sonali Garg.  a1st ed. 2024. 1aCham :bSpringer Nature Switzerland :bImprint: Palgrave Macmillan,c2024.  aXXIII, 163 p. 20 illus., 19 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda1 aPalgrave Studies in Economic History,x2662-65000 aChapter 1 -- Chapter 2: The Telegraph, NYSE, Bloomberg, and Uber -- Chapter 3: Winner Takes All -- Chapter 4: NYSE’s rise to Pre-eminence -- Chapter 5: The Usual Suspects -- Chapter 6: Data as Clues -- Chapter 7: When. The Numbers Through a Telescope -- Chapter 8: Why. The Numbers under a Magnifying Glass -- Chapter 9: Conclusions and Implications for the Evolution of Financial Markets -- Chapter10: What the Telegraph can teach us about Uber -- Chapter 11: Antitrust Policy; To Intervene or To Not Intervene: That is the Question.  aIn the 1830s, New York, Philadelphia, and Boston each had a stock exchange. These were the New York Stock Exchange (NYSE), Philadelphia Stock Exchange, and Boston Stock Exchange. As there was no reliable means of communicating between these cities in real time, each exchange served its local market. The 1840s brought an innovation in communications technology: the telegraph, which, in time, brought these exchanges into competition with each other. Three previously independent stock markets became, in effect, a single market. If a security was listed on more than one exchange, potential buyers and sellers could choose the exchange on which to execute a trade in this security. This book closely analyzes this competition. The NYSE emerged as the winner of this competition. It became the place to trade securities that evoked regional and eventually national interest, while the Boston and Philadelphia exchanges remained regional exchanges. This book explores when and why this happened. This analysis is applied to the competition between (i) stock exchanges today; (ii) car rental aggregator services such as Uber and Ola; (iii) restaurant to home, food delivery services, such a Zomato and Swiggy; and (iv) doorstep delivery services, such as Blinkit and Zepto. Sonali Garg is an independent researcher based in New Delhi, India. She has worked as a regulator at the Competition Commission of India and holds a Ph.D. in Economics from The Ohio State University. Views expressed in the book are the author’s. 0aEconomic history.957506 0aEconomic development.95807514aEconomic History.95750624aEconomic Development, Innovation and Growth.9690352 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303140406108iPrinted edition:z978303140408508iPrinted edition:z9783031404092 0aPalgrave Studies in Economic History,x2662-650097089140uhttps://doi.org/10.1007/978-3-031-40407-8  aZDB-2-ECF  aZDB-2-SXEF  c57583d57583