Recent changes in the German energy policy initiated a deregulation process from a monopolistic to a competitive market, fundamentally changing the market structure, transaction relationships and trading processes. While the mutual exchange of electric energy has been a business activity between vertically integrated utilities for a long time, wholesale electricity trading in an open market onl...

Presently, a multiplicity of trading systems provide electronic markets with various market rules to professional and private investors in different sectors. This range only partially reflects the individual requirements dependent on the type of product and the environmental context of the trade. There is need for individual solutions satisfying these specific requirements regarding the tradabl...

With the aid of information technology, electronic marketplaces have multiplied. Currently, however, most electronic marketplaces support only limited negotiation functions using a one-dimensional variable of price. The purpose of this study is to show how online multidimensional auction systems can be used to facilitate electronic trading in business-to-business electronic marketplaces. In thi...

Online auctions are among the most influential e-business applications. Their impact on trading for businesses, as well as consumers, is both remarkable and inevitable. There have been considerable efforts in setting up market places, but, with respects to market volume, online trading is still in its early stages. This chapter discusses the benefits of the concept of Internet marketplaces, wit...

Price disparities across locations can occur when sellers in one location have difficulty matching with buyers in a different location due to the transaction costs of trading across distance. Spatial arbitrageurs exploit these discrepancies by buying goods from locations where prices are low and reselling them at locations where prices are high. Electronic channels should lower the transaction ...

The Trading Agent Competition (TAC) is an open-invitation forum designed to encourage research into electronic markets and trading agents. In this paper we present the Socrates trading agent and the strategies that were developed for and used in the TAC Supply Chain Management game as part of the 2004 competition. The resulting behaviour and performance in the TAC competition as well as in a se...

This research investigated the importance, development, influences and benefits of interorganisational trust in business-to-business e-commerce. Using a case study approach, seven informants from four Tasmania-based organisations were interviewed. The informants considered trading partner trust extremely important and a prerequisite to electronic and traditional trading relationships. The most ...

In recognizing the power of electronic commerce in continuously provided service context, this paper examines personal and situational factors as well as transactional characteristics influencing customers’ use of electronic commerce in stock trading. Empirical data were collected from an intercept field survey of individual customers of two major Korean stock trading brokers. Our results show ...

For nearly a decade the potential benefits of Business-to-Business electronic commerce for business efficiency and competitiveness have been vigorously promoted by business, industry groups and governments. The belief underpinning policy is that from a small initial step, eCommerce will become a central part of their business strategies. This paper considers the use of B-2-B electronic transact...