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Disintermediation, Reintermediation, or Cybermediation? The Future of Intermediaries in Electronic Marketplaces

by George M. Giaglis, Stefan Klein, Robert M. O'Keefe, Robert M. O’keefe - Global Networked Organizations, Proceedings 12 th Electronic Commerce Conference, Moderna organizacija , 1999
"... Early researchers seemed to agree on the prediction that decreased transaction costs in electronic marketplaces would lead to the reduction, or even extinction, of traditional intermediaries from electronic value chains. Despite some validity in these claims, a careful examination of the way that el ..."
Abstract - Cited by 13 (0 self) - Add to MetaCart
that electronic commerce restructures traditional market functions reveals three equally plausible scenarios for the future. Traditional intermediaries will either be driven out of the market (disintermediation) or be forced to differentiate and re-emerge in the electronic marketplace (reintermediation), while

The Role of Intermediaries in Electronic Marketplaces: Developing a Contingency Model

by George M. Giaglis, Stefan Klein, Robert M. O’Keefe
"... Early research in electronic markets seemed to suggest that E-Commerce transactions would result in decreased costs for buyers and sellers alike, and would therefore ultimately lead to the elimination of intermediaries from electronic value chains. However, a careful analysis of the structure and fu ..."
Abstract - Cited by 27 (5 self) - Add to MetaCart
. In this paper we provide an analysis of the potential roles of intermediaries in electronic markets and we articulate a number of hypotheses for the future of intermediation in such markets. Three main scenarios are discussed: the disintermediation scenario where market dynamics will favour direct buyer

Abstract The Role of Intermediaries in Electronic Marketplaces: Assessing Alternative Hypotheses for the Future

by George M. Giaglis, Stefan Klein, Robert M. O’keefe
"... Early research in electronic markets seemed to suggest that E-Commerce transactions would result in decreased costs for buyers and sellers alike, and would therefore ultimately lead to the elimination of intermediaries from electronic value chains. However, a careful analysis of the structure and fu ..."
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. In this paper we provide an analysis of the potential roles of intermediaries in electronic markets and we articulate a number of hypotheses for the future of intermediation in such markets. Three main scenarios are discussed: the disintermediation scenario where market dynamics will favour direct buyer

Sciences

by Alina M. Chircu, Robert J. Kauffman
"... This paper proposes a framework for understanding the circumstances under which technological innovations for electronic commerce change industry structures. Initially these changes are to the detriment of traditional product and service providers. However, these players can fight against technologi ..."
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technological disintermediation. We examine three different scenarios from a long run perspective. The first involves situations in which no traditional or non-technological intermediaries exist. In these settings, upstart electronic intermediaries can interject themselves through innovation. The second

Music in electronic markets: an empirical study

by Martin Kretschmer, George Michael Klimis, Roger Wallis, Dr Martin Kretschmer, Dr George, Michael Klimis, Key Words - New Media and Society, Vol , 2001
"... Electronic market hypothesis, copyright, disintermediation, information society, MP3, music industry, piracy, publisher, record company, risk finance, scenario analysis Music plays an important, and sometimes overlooked part in the transformation of communication and distribution channels. With a gl ..."
Abstract - Cited by 2 (0 self) - Add to MetaCart
Electronic market hypothesis, copyright, disintermediation, information society, MP3, music industry, piracy, publisher, record company, risk finance, scenario analysis Music plays an important, and sometimes overlooked part in the transformation of communication and distribution channels. With a

ANTECEDENTS AND CONTINGENCIES AFFECTING UNCERTAINTY IN ELECTRONIC MARKETS: AN EMPIRICAL STUDY

by unknown authors
"... 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 ..."
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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

Development

by Emma Janson, Robin Mansell, Mantell Building, Emma Janson, Robin Mansell , 1998
"... The European music business consists of fast-moving, unit-led production, marketing, licensing and distribution functions. With the World Wide Web as a potential high-speed digital distribution channel, record companies will find it more difficult to control the distribution chain. New artists who c ..."
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can create their own product potentially will be able to produce, market and distribute their work without the involvement of the major record companies. This scenario is an example of disintermediation in the extreme and would result in the collapse of the record business of today. However
Results 1 - 7 of 7