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The Emerging Role of Electronic Marketplaces on the Internet (1998)

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by Yannis Bakos
Venue:Communications of the ACM
Citations:325 - 2 self
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BibTeX

@ARTICLE{Bakos98theemerging,
    author = {Yannis Bakos},
    title = {The Emerging Role of Electronic Marketplaces on the Internet},
    journal = {Communications of the ACM},
    year = {1998},
    volume = {41},
    pages = {35--42}
}

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Abstract

action costs, leading to more efficient, "friction-free" markets. Table 1. Functions of a market Internet Economics Matching buyers and sellers . Determination of product offerings - Product features offered by sellers - Aggregation of different products . Search (of buyers for sellers and of sellers for buyers) - Price and product information - Matching seller offerings with buyer preferences . Price discovery - Process and outcome in determination of prices Facilitation of transactions . Logistics - Delivery of information, good, or service to buyer . Settlement - Transfer of payment to seller . Trust - Credit system, reputations, rating agencies like Consumer Reports and Better Business Bureaus Institutional infrastucture . Legal - Commercial code, contract law, dispute resolution, intellectual property protection . Regulatory - Rules and regulations, monitoring, enforcement produ

Keyphrases

emerging role    electronic marketplace    seller aggregation    settlement transfer    legal commercial code    intellectual property protection    different product    logistics delivery    product information matching seller offering    dispute resolution    friction-free market    product offering product feature    enforcement produ    rating agency    price discovery process    trust credit system    better business bureau institutional infrastucture    action cost    regulatory rule    price facilitation    buyer preference    contract law    market internet economics matching buyer    consumer report   

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