English, Article, Journal or magazine article edition: Zero entry barriers in an NP-complete world: Transaction streams and the complexity of electronic commerce Subirana, Brian

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/170555
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Zero entry barriers in an NP-complete world: Transaction streams and the complexity of electronic commerce
Author
  • Subirana, Brian
Physical Description
  • preprint
Notes
  • The adoption of electronic markets in an industry has a disintermediation potential because it can create a direct link between the producer and the consumer (without the need for the intermediation role of distributors). Electronic markets lower the search cost, allowing customers to choose among more providers (which ultimately reduces both the costs for the customer and the profits for the producer). Electronic markets on the Internet have the opposite effect: they lower some entry barriers and result in more intermediators (e.g. there are over three hundred thousand bookstores on the Internet). Transaction streams model how transactions on the Internet are being conducted and help explain the types of new intermediators that are appearing on the Internet. We present a computational model of transaction streams and prove that in transaction stream based electronic markets, searching for the best price is NP-complete. Implications of the findings presented and challenges for the further development of electronic commerce are also discussed.
  • Electronic markets; Internet; electronic commerce;
  • RePEc:ebg:iesewp:d-0387
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment