Electronic brokerage and electronic auction: The impact of IT on market structures

Research output: Chapter in Book/Report/Conference proceedingConference contribution

16 Citations (Scopus)

Abstract

Great progress has been made over the past few years in the study of the impact of IT on inter-firm trade relationships and markets. Most works in this area focus on firm boundaries (purchasing or outsourcing) or buyer-seller relations in general. Although these works are based on reasonable theoretical grounding and many of them have been tested empirically, they do not provide a complete explanation for why different forms of electronic markets have emerged. This article identifies two types of electronic markets-electronic brokerage and electronic auction-by investigating the impact of IT on transaction costs (search, coordination and trade settlement costs) under four different market structures. The economic forces behind the introduction of electronic marketplaces, which either change or support existing market structures, are analyzed along these two market dimensions. Social and organizational barriers to successful implementation of electronic market systems are also discussed.

Original languageEnglish
Title of host publicationInformation Systems - Organizational Systems and Technology
PublisherIEEE Computer Society
Pages397-406
Number of pages10
ISBN (Electronic)0818673249
DOIs
Publication statusPublished - 1996 Jan 1
Event29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States
Duration: 1996 Jan 31996 Jan 6

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume4
ISSN (Print)1530-1605

Conference

Conference29th Hawaii International Conference on System Sciences, HICSS 1996
CountryUnited States
CityWailea
Period96/1/396/1/6

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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  • Cite this

    Lee, H. G. (1996). Electronic brokerage and electronic auction: The impact of IT on market structures. In Information Systems - Organizational Systems and Technology (pp. 397-406). [495362] (Proceedings of the Annual Hawaii International Conference on System Sciences; Vol. 4). IEEE Computer Society. https://doi.org/10.1109/HICSS.1996.495362