NDLI: Business models and market mechanisms:evaluating efficiencies in consumer electronic markets

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Business models and market mechanisms:evaluating efficiencies in consumer electronic markets

Content Provider	ACM Digital Library
Author	Palmer, Jonathan Lindemann, Markus
Abstract	The paper examines business models utilizing three different market mechanisms on the Internet: direct search, broker, and dealer. Utilizing capital markets and information theory to compare the business models, the research looks at specific market mechanisms instantiated in PriceScan, NetMarket, and Bottom Dollar. The web sites supporting the market structures were also evaluated on trust mechanisms, reputational ratings, information quality, availability, speed, and liquidity. Twenty standard, consumer products offered through these markets were evaluated over a three-month period examining pricing, availability, and speed of response.There were significant differences across the three models. Direct search and broker models had the highest availability and quickest response. Brokers made the greatest use of trust mechanisms. Direct search and dealers offered the greatest liquidity. Information quality was the highest in the dealer, with strong market, price movement, and product information. Lowest overall prices were consistently evident in the direct search. Allocational efficiency was difficult to determine, but an evaluation of the earlier efficiencies suggests that in situations where consistent market availability is not required, overall the direct search model is the most allocationally efficient. In situations requiring immediate market availability, the broker model appears to be the most allocationally efficient with quick response, competitive prices, and good information quality.The paper extends earlier work in business models and market efficiencies by comparing specific instantiations of the models and developing definitions for and a typology of efficiencies based on capital markets theory. In addition, the paper includes technical and qualitative analysis of Web sites supporting the business models.
Starting Page	23
Ending Page	38
Page Count	16
File Format	PDF
ISSN	00950033 15320936
DOI	10.1145/784580.784585
Journal	ACM SIGMIS Database: the DATABASE for Advances in Information Systems (DATB)
Volume Number	34
Issue Number	2
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	2007-02-28
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Market structure Electronic markets Efficiency World wide web
Content Type	Text
Resource Type	Article
Subject	Management Information Systems Computer Networks and Communications

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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