action costs, leading to more efficient, "friction-free" markets. Table 1. Functions of a market Internet Economics Matching buyers and sellers . Determination of product offerings - Product features offered by sellers - Aggregation of different products . Search (of buyers for sellers and of sellers for buyers) - Price and product information - Matching seller offerings with buyer preferences . Price discovery - Process and outcome in determination of prices Facilitation of transactions . Logistics - Delivery of information, good, or service to buyer . Settlement - Transfer of payment to seller . Trust - Credit system, reputations, rating agencies like Consumer Reports and Better Business Bureaus Institutional infrastucture . Legal - Commercial code, contract law, dispute resolution, intellectual property protection . Regulatory - Rules and regulations, monitoring, enforcement produ

Abstract. An electronic marketplace supports the interaction among different users to exchange information about products to sell and buy. Significance of electronic marketplaces is given by the huge amount of web sites that are currently available providing services in almost any area one can

In the last few years, the electronic marketplace has witnessed an exponential growth in worth and size, and projections are for this trend to intensify in coming years While the Internet offers great possiblities for creation of spontaneous communities, this potential has not been explored as a

After a short definition of the basic aspects of electronic marketplaces and a focus on its topic, this paper introduces mySAP.com Marketplace, which is part of SAP’s line of products in mySAP.com, dealing with electronic marketplaces. To follow, the actual model is being developed and divided

This paper reviews and assesses several theoretical perspectives on one type of business-to-business electronic marketplace---collaboration marketplaces. Whereas transaction-oriented marketplaces are characterized by catalogs, auctions or exchanges, and support for negotiated pricing

electronic services, electronic marketplaces, service composition, service delivery, B2B interaction processes Electronic marketplaces represent a significant example for the evolution of the Internet from technical infrastructure to business enabler. Built on top of open standards like XML

In this paper we study search strategies of agents that represent buyer agents ’ coalitions in electronic market-places. The representative agents operate in environ-ments where numerous potential complex opportunities can be found. Each opportunity is associated with sev-eral different terms

The members of electronic communities are often unrelated to each other, they may have never met and have no information on each other's reputation. This kind of information is vital in Electronic Commerce interactions, where the potential counterpart's reputation can be a significant

The literature on electronic marketplaces reveals much confusion around matters of definition and description. In particular, there is a lack of consensus on what constituts an electronic marketplace, as well as the inter-organisational processes which they support. Despite the disparate, and often

This paper examines electronic marketplaces as one “digital economy ” innovation. Great expectations existed for electronic marketplaces in the late 1990s, leading to the establishment of hundreds of new venues for B2B buying and selling. It was feared that the improved efficiency over traditional