TY - GEN
T1 - Electronic brokerage and electronic auction
T2 - 29th Hawaii International Conference on System Sciences, HICSS 1996
AU - Lee, Ho Geun
N1 - Publisher Copyright:
© 1996 IEEE.
Copyright:
Copyright 2019 Elsevier B.V., All rights reserved.
PY - 1996
Y1 - 1996
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84876599476&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84876599476&partnerID=8YFLogxK
U2 - 10.1109/HICSS.1996.495362
DO - 10.1109/HICSS.1996.495362
M3 - Conference contribution
AN - SCOPUS:84876599476
T3 - Proceedings of the Annual Hawaii International Conference on System Sciences
SP - 397
EP - 406
BT - Information Systems - Organizational Systems and Technology
PB - IEEE Computer Society
Y2 - 3 January 1996 through 6 January 1996
ER -