The rise of E-commerce came with the promise of disintermediation. However, the e-commerce scenario today is flooded by an increasing number of intermediaries, e.g. Amazon, Verisign and Thawte. Economics of intermediation suggests that intermediaries arise when consumers are unsure of the market in general. The question then is: what market conditions prompt such consumer perceptions of uncerta...

Being provided with a unique high-frequency dataset, we are able to show by means of an empirical analysis that computer-based traders, i.e. Algorithmic Trading (AT) engines, behave significantly different from human traders with regard to their order cancellation behaviour. Furthermore, given exactly this difference we point out that the application of well-established “traditional” liquidity ...

Recent research on search costs in electronic markets documents that the wide use of Internet has reduced consumer search costs and has increased market efficiency. This study, considering scholarly publications as a special type of product, investigates the Internet’s impact on knowledge usage and transfer in academic communities. Based on the work on search theory and knowledge transfer, this...

Global and electronic markets are increasingly forcing manufacturing enterprises to become more competitive. As a result, many manufacturing enterprises are seeking to manage their supply chains more effectively. Product differentiation timing is one important factor in supply chain management. Under an early product differentiation process, finished products are manufactured and stored in a di...

The Electronic Market Hypothesis (EMH) (Malone, Yates & Benjamin 1987) holds that electronic markets will eventually evolve towards unbiased markets under the pressure of both competitive and legal forces and that this process is inevitable in case of markets for commodities. Based on an initial literature review, we criticise the EMH for its definitional impreciseness, its disregard for strate...

Global and electronic markets are increasingly forcing manufacturing enterprises to become more competitive. As a result, many manufacturing enterprises are seeking to manage their supply chains more effectively. Product differentiation timing is one important factor in supply chain management. Under an early product differentiation process, finished products are manufactured and stored in a di...

The title of this paper was chosen to introduce what EM2I really means and how it could be treated as a research area for the research specialists of business information systems and electronic commerce. It functions as offering a few commonplace remarks by way of introduction so that the area researchers may come up with valuable opinions.

The rapid growth of the Internet and electronic commerce stimulates new digital innovations. Electronic markets can influence both the adoption and diffusion processes of digital innovations in significant ways. The difficulties for market transactions of information goods and the change from free to paid content on websites in recent years has led to research questions about how individuals de...

This article examines the effect of Internet-based electronic markets on consumer search in the travel and tourism industry. Two experiments provide the empirical basis for the article. We address the question of whether consumer search in electronic markets is different from search in conventional markets. In this work we refine the efficiency of consumer search and its effects with the follow...

This paper explores the regulatory philosophies underlying the debates on privacy in e-commerce in the European Union and the United States. It offers a framework to grasp these differences and suggests that, in the ultimate, e-commerce players with transatlantic ambitions may need different organizations to deal with the EU and US