Marketing information on the I-Way: data junkyard or information gold mine?
Communications of the ACM
The Virtual Community: Homesteading on the Electronic Frontier
The Virtual Community: Homesteading on the Electronic Frontier
The Economics of Electronic Commerce
The Economics of Electronic Commerce
The economics of freebies in exchange for consumer information on the internet: an exploratory study
International Journal of Electronic Commerce
Proceedings of the Tenth Anniversary Conference on Participatory Design 2008
Theory and Analysis of Company-Sponsored Value Co-Creation
Journal of Management Information Systems
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Electronic communities are social aggregations of critical masses of people on the Internet who engage in public discussions, interactions, and information exchanges with sufficient human feeling on matters of common interest to form webs of personal relationships. Many such e-communities are rapidly evolving on the Internet, some initiated, organized, and controlled by community members themselves, some organized and controlled by marketers, and some by third parties acting as intermediaries between members and other interest groups such as marketers and advertisers. In this paper, we explore the role of e-communities as intermediaries in exchange relationships among community members and between community members and other interest groups such as marketers and advertisers from an economic perspective. In particular, we focus on the types of interactions that take place among community members and between community members and other interest groups and examine the economic and social issues involved in maintaining a healthy community. Deriving parallels from extant research in financial intermediation and social exchange theory, we explore conditions and incentive mechanisms under which such communities could develop and add value on the Internet. We also draw upon limited empirical examples from the World Wide Web to provide support to our propositions.