Electronic markets have a short but dynamic history. How an electronic market can be successfully developed remains in dispute. There is a clear need to better understand the nature of electronic markets themselves and, in particular, to review important developments in their conceptualisation. To enable a deeper understanding of these issues, we decided to restrict our investigation to electro...

Economic organisations are facing new challenges due to the proliferation of Electronic Markets where competition and responsiveness are issues that will determine organisation’s economic survival. A Virtual Enterprise is a temporary network of individual enterprises, which, due to its higher flexibility and agility is capable of effectively responding to those challenging requirements. This pa...

Acknowledgements: We thank the two anonymous reviewers as well as Arina Soukhoroukova, Agnieszka Wolk and the participants of the " DIMACS Workshop on Markets as Predictive Devices (Information Markets) " at Rutgers University for their valuable feedback. of new products & innovation management. His research interests include technology and innovation management, new product development and ent...

Web-mediated consumer-to-consumer auctions are often regarded as risky due to the opportunistic behaviors in transaction. Online virtual community using feedback-based reputation service is an emerging trust building technology to reduce risk in online auction market. The purpose of this paper is to study the effect of feedback profiles on buyer’s purchase behavior. Based on previous researches...

Markets evolve through ‘entrepreneurial’ intervention which is based on intuition and on timely information. An electronic market has been constructed in the laboratory as a collaborative virtual environment to identify timely entrepreneurial information for e-markets. This information is distilled from individual signals in the markets themselves and from signals observed on the Internet. Dist...

Predicting markets (such as the stock market) has been and still is a topic of great interest and importance to many people. Unfortunately due to the extremely large number of factors which can affect the market, it is often difficult to accurately assess the value of a new object that is just being released into the world. In this project I will be considering a much smaller scale market in or...

As an alternative to rigid DRM measures, ways of marketing virtual goods through multi-level or networked marketing have raised some interest. This report is a first approach to multi-level markets for virtual goods from the viewpoint of theoretical economy. A generic, kinematic model for the monetary flow in multi-level markets, which quantitatively describes the incentives that buyers receive...