Markets that are well-integrated spatially are important to the stability and success of the economy because they balance supply and demand and create incentives for innovation. Electronic commerce has the potential to improve market integration by providing visibility into supply/demand conditions in different geographic regions and facilitating trade across geographic distance. We study the e...

The laws governing commerce were established when buyer and seller met face to face. In Electronic commerce, goods and services are exchanged across a communications network, raising difficult new problems with respect to taxation, privacy, fraud protection, and restricted sales (such as pornography to minors, or weapons to criminals). Limitations of today’s electronic commerce infrastructure f...

from the very beginning of the attempts made to organize electronic commerce in international field, the most important subject has been classification of electronic commerce under any legal systems of the organization, i.e. gatt, gats, trips or a combination of the provisions of the gatt and gats. the hybrid and trips systems did not have the required capacity for the subject matter both theor...

Electronic commerce or e-commerce can be briefly defined as a financial transaction or commercial information between two parties based on data transmitted over communication networks (Soriano & Ponce, 2002). It relies upon users’ interventions to initiate a transaction and select the main steps of the process. Users’ actions stem from a succession of virtual decisions. Indeed, when shopping wi...

In the last decade, electronic commerce has significantly contributed to national economic growth. This is evident in that “according to Forrester Research, the United States (US) online retail reached $175 billion in 2007 and is projected to grow to $335 billion by 2012”. (Source: http://www.sescommerce.com/ecommerce-growth.asp; accessed 9 May 2009) And yet, although the electronic commerce ma...

On June 18, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Commerce Payments Council (eCPC) of the Electronic Funds Transfer Association co-hosted a workshop forum to explore areas of mutual interest related to the proliferation of e-commerce payments. This was the second event jointly sponsored by the groups. The first forum, “The Future of e-Comm...

Although electronic commerce (e-commerce) can be a source of competitive advantage, will e-commerce businesses in countries like China flourish when governments still take a “wait-and-see attitude” as to prompting, protecting, and regulating e-commerce? The paper employs transaction cost economics in analyzing the role of government in regulating electronic contracting. Due to the transaction c...