Abstract This paper presents and discusses a number of criteria for the design and implementation of electronic market servers. It first briefly reviews a number of electronic markets currently operational over the internet then offers some ideas on the types of new markets that may become successful. It then presents the design criteria for market servers, necessary to support these virtual ma...

With the advent of the Internet, we have seen existing markets transform and new ones emerge. In this paper, we contribute to the understanding of this phenomenon by theorizing about the role that IT plays in affecting market information, transparency and market structure. In particular, we introduce a new theoretical framework which uncovers the process and the forces that, together with IT, f...

Low search costs in Internet markets can be used by consumers to find low prices, but can also be used by retailers to monitor competitors’ prices. This price monitoring can lead to price matching, resulting in dampened price competition and higher prices in some cases. This paper analyzes price data for 316 bestselling, computer, and random book titles gathered from 32 retailers between August...

& Impacts on markets and organizations & Adoption in eMarkets and interorganizational information systems & Interorganizational coordination and integration & Vertical integration and hybrid forms & Electronic intermediaries & Disintermediation/mediation & New organizational forms & Online buyer and supplier behavior & Business models and market design & Market efficiency and price dispersion &...

Reputation mechanisms offer an efficient way of building the necessary level of trust in electronic markets. In the absence of independent verification authorities that can reveal the true outcome of a transaction, market designers have to insure that it is in the best interest of the trading agents to report the behavior in transactions truthfully. As opposed to side-payment schemes that corre...

We champion the view that a richer understanding of electronic markets is obtained when their implications for consumers are jointly studied from social, economic, and psychological perspectives. We adopt this perspective triad to build a Social– Economic–Psychological (SEP) Model of technology adoption and usage, and apply the model to understand and explain the behavior of online investors. T...

One of the least contestable features of postmodernism is its refusal to accept the hierarchy of value and élitism implied in the d istinction between high culture and popular culture. In the genealogies frequently circulated , postmodernism is pictured in opposition to two versions of modernism: a modernism codified and conquered by the academy and museum, incorporated as a high cultural artef...

This commentary engages with essentially contestable questions raised by the School of the Dialogue of Cultures. It focuses on questions about how theory should relate to practice and how a "dialogic" approach can involve students in simultaneously rigorous and relevant academic discussions. Disciplines Education | Educational Psychology Comments Wortham, S. (2011). Wondering about dialogic the...

If property rights to consumption goods are insecure, the incentives to trade in a barter economy are reshaped. In a pure exchange economy, we examine the case where two contestable consumption goods are vital to two agents and initial endowments follow a binary distribution. In line with the existing literature, we examine in a two–stage game how the equilibrium security of claims to property ...