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Characteristics of electronic markets
Decision Support Systems, 1997Abstract Are there economic incentives for electronic commerce (e-commerce), or is it just hype? This paper evaluates the cost-based differences between traditional markets (such as retail stores) and electronic markets (e-markets) both from the buyer's (demand side) perspective and the seller's (supply side) perspective.
Troy J. Strader, Michael J. Shaw
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Markets for Electronic Markets? The Non-market Preconditions of Electronic Markets
Electronic Markets, 1995This article addresses two questions. Firstly, which incentive structure is needed if we are to see the emergence of electronic markets and, secondly, which implications follow from this for the idea of open electronic markets. It is proposed to adopt a rather narrow concept of electronic markets which strongly relies on the notion of a competitive ...
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Electronic Markets for Architects—The Architecture of Electronic Markets
Information Systems Frontiers, 2002In recent years there has been a move towards more cooperation in the construction industry. While the traditional practice is that the architect chooses the trades, provides the construction plan, and tells the trades what to do, a new initiative has been formed to create cooperative construction teams.
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Strategy proof electronic markets
Proceedings of the ninth international conference on Electronic commerce, 2007In electronic double auctions, property of incentive compatibility is very important. Incentive compatibility ensures that truthful bidding is the dominant strategy. Other important properties in electronic auctions are budget balance (BB) and individual rational (IR).
A. R. Dani +2 more
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Electronic Markets and Electronic Governments
International Journal of Electronic Commerce, 1997Information technology (IT) has been able to transform the way many business transactions are organized. Mergers, acquisitions, outsourcing, and divestitures are all well-known changes that have resulted from the ability of IT to change the way organizations monitor and coordinate activities.
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Electronic Markets, 1995
We refer to the sale of goods and services to end consumers (i.e. a mass of clients with small quantity requirements) as retail markets. These normally include private clients, households and small businesses. Therefore, the cost of transactions in retail markets tends to be rather high compared to those encountered with institutional clients. Building
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We refer to the sale of goods and services to end consumers (i.e. a mass of clients with small quantity requirements) as retail markets. These normally include private clients, households and small businesses. Therefore, the cost of transactions in retail markets tends to be rather high compared to those encountered with institutional clients. Building
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Electronic markets and electronic hierarchies in the context of electronic commerce
Proceedings of the 7th international conference on Electronic commerce - ICEC '05, 2005According to the theory of Transaction Cost Economics, markets and hierarchies are two basic and alternative models of organization. In the environment of Electronic Commerce, markets and hierarchies have been transforming into Electronic markets (EMs) and Electronic Hierarchies (EHs).
Hongli Hu, Ping Li
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The Landscape of Electronic Market Design
Management Science, 2005This paper presents an introductory survey for this special issue of Management Science on electronic markets. We acquaint the reader with some fundamental concepts in the study of electronic market mechanisms, while simultaneously presenting a survey and summary of the essential literature in this area.
G. Anandalingam +2 more
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Building an Electronic Market System
2010An electronic market system is predicated on three technologies: data mining, intelligent trading agents and virtual institutions in which informed trading agents can trade securely both with each other and with human agents in a natural way. This paper describes a demonstrable prototype electronic market that integrates these three technologies and is
Elaine Lawrence, John K. Debenham
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Business Models for Electronic Markets
Electronic Markets, 1998Electronic commerce over the Internet may be either complementary to traditional business or represent a whole new line of the new features of the Internet, critical questions to be answered include: ♦ what are the emerging business models; and related to this ♦ which strategic marketing approaches are applied, or emerging.
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