The Effects of Business-to-Business E-Commerce on Transaction Costs

The Effects of Business-to-Business E-Commerce on Transaction Costs: Description, Examples, and Implications

In this paper, we study the changes in transaction costs from the introduction of the Internet in transactions between firms (i.e., business-to-business (B2B) e-commerce). We begin with a conceptual framework to organize the changes in transaction costs that are likely to result when a transaction is transferred from a physical marketplace to an Internet-based one. Following Milgrom and Roberts...

The Effects of Business-to-Business E-Commerce on Transaction Costs

This paper studies transaction costs changes arising from the introduction of the Internet in transactions between firms. We divide transaction costs into coordination costs and motivation costs. We classify coordination efficiencies into three categories: process improvements, marketplace benefits, and indirect improvements. For motivation costs, we focus on informational asymmetries. We apply...

WISE: Business to Business E-Commerce

The Internet and the proliferation of inexpensive computing power in the form of clusters of workstations or PCs provide the basic hardware infrastructure for business to business electronic commerce in small and medium enterprises. Unfortunately, the corresponding software infrastructure is still missing. In this paper we show a way to develop appropriate tools for electronic commerce by descr...

Business-to-Business E-Commerce Frameworks

E lectronic commerce lets people purchase goods and exchange information on business transactions online. The most popular e-commerce channel is the Internet. Although the Internet's role as a business channel is a fairly recent phenomenon, its impact, financial and otherwise, has been substantially greater than that of other business channels in existence for several decades. E-commerce gives ...

The Emerging Landscape of Business to Business E-Commerce