Achieving Authentication in Electronic Markets: A Principal-Agent Perspective
نویسندگان
چکیده
This research attempts to develop a conceptual foundation for authentication in electronic markets by drawing upon the well-known principal-agent theory in Economics. First, principal-agent theory is discussed and related to authentication in electronic markets. Then, the technologies and business functionalities that are currently available to support authentication in electronic markets are evaluated through an agency cost lens. This is then used to develop a decision theoretic framework that assists online sellers in establishing authentication. Finally, the scientific and practical implications of the study are outlined and future avenues for research suggested.
منابع مشابه
Process algebraic modeling of authentication protocols for analysis of parallel multi-session executions
Many security protocols have the aim of authenticating one agent acting as initiator to another agent acting as responder and vice versa. Sometimes, the authentication fails because of executing several parallel sessions of a protocol, and because an agent may play both the initiator and responder role in parallel sessions. We take advantage of the notion of transition systems to specify authen...
متن کاملConceptual Agent based Modeling in Supply Chain: An Economic Perspective
Abstract: The implementation of government legislation, social responsibility, environmental concerns regarding the reduction of waste, hazardous material and other consumer residuals have made the competition between the firms stricter than ever and nowadays firms that want to survive need a more productive and innovative approach toward the financial aspects of their businesses.his pape...
متن کاملSmall Digital Business in Electronic Markets: A Blueprint for Survival
The blossoming digital economy provides many golden opportunities for small businesses. However, two sets of issues have a significant impact on competition in electronic markets: one is the cost of technology infrastructure, the other is information asymmetry. These problems may lead to a market of natural monopolies with a few well-established brand names in the digital economy. Therefore, we...
متن کاملExperiences with Electronic Auctions in the Dutch Flower Industry
1 electronic markets is expected to grow rap1 point of view by Davis and Holt (1993), Hendricks and Por te r (1988) , a n d Rothkopf and Harstad (1994). More recently, the flower auction markets were investigated in more detail. Ajit Kambil and Eric van Heck (1996) specified a generalizable model of exchange processes and developed a process-stakeholder analysis framework to evaluate alternativ...
متن کاملBiometric Authentication of Fingerprint for Banking Users, Using Stream Cipher Algorithm
Providing banking services, especially online banking and electronic payment systems, has always been associated with high concerns about security risks. In this paper, customer authentication for their transactions in electronic banking has been discussed, and a more appropriate way of using biometric fingerprint data, as well as encrypting those data in a different way, has been suggest...
متن کامل