The impact of information systems on organizations and markets
Communications of the ACM
A strategic analysis of electronic marketplaces
MIS Quarterly - Special issue on the strategic use of information systems
Evaluating the prospects for alternative electronic securities markets
ICIS '91 Proceedings of the twelfth international conference on Information systems
Journal of Management Information Systems
Reengineering: business change of mythic proportions?
MIS Quarterly
Electronic markets and electronic hierarchies
Communications of the ACM
Business process redesign: tactics for managing radical change
Journal of Management Information Systems - Special section: Toward a theory of business process change management
Impacts of the electronic marketplace on transaction cost and market structure
International Journal of Electronic Commerce - Special section: Diversity in electronic commerce research
Do electronic marketplaces lower the price of goods?
Communications of the ACM
The implications of online investing
Communications of the ACM
Information Technology and Management
Risk profile and consumer shopping behavior in electronic and traditional channels
Decision Support Systems
Something for nothing: management rejection of open source software in Australia's top firms
Information and Management
A model for buyer's trust in the e-marketplace
ICEC '05 Proceedings of the 7th international conference on Electronic commerce
The future of inter-organisational system linkages: findings of an international Delphi study
European Journal of Information Systems - Special issue: Making enterprise systems work
Determinants of the adoption of e-business technologies
Telematics and Informatics
Journal of Management Information Systems - Special issue: Impacts of information technology investment on organizational performance
An empirical appraisal of EDI implementation strategies
International Journal of Electronic Commerce
The impact of electronic marketplaces on product prices: an empirical study of AUCNET
International Journal of Electronic Commerce
Electronic markets hypothesis redux: where are we now?
Communications of the ACM - Spam and the ongoing battle for the inbox
Examination of online channel preference: using the structure-conduct-outcome framework
Decision Support Systems
Choice of Transaction Channels: The Effects of Product Characteristics on Market Evolution
Journal of Management Information Systems
International Journal of Electronic Commerce
An Instrument for Measuring the Business Benefits of E-Commerce Retailing
International Journal of Electronic Commerce
Journal of Management Information Systems
Limits to Value in Electronic Commerce-Related IT Investments
Journal of Management Information Systems
Electronic marketplace definition and classification: literature review and clarifications
Enterprise Information Systems
Local government: A digital intermediary for the information age?
Information Polity
Information Systems Frontiers
Something for nothing: management rejection of open source software in Australia's top firms
Information and Management
A review of research on e-marketplaces 1997-2008
Decision Support Systems
Developing dynamic capabilities in electronic marketplaces: A cross-case study
The Journal of Strategic Information Systems
Information Systems Research
Productivity and Performance Effects of Business Process Reengineering: A Firm-Level Analysis
Journal of Management Information Systems
Exploring the effect of strategic positioning on firm performance in the e-business context
International Journal of Information Management: The Journal for Information Professionals
International Journal of Information Management: The Journal for Information Professionals
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Over the past few years, various electronic market systems have been introduced by market-making firms to improve transaction effectiveness and efficiency within their markets. Although successful implementation of electronic marketplaces may be found in several industries, some systems have failed or their penetration pace is slower than was projected, indicating that significant barriers remain. This paper analyzes the economic forces and barriers behind the electronic market adoptions from the perspective of market process reengineering. Four cases of electronic market adoptions--two successful and two failed--are used for this analysis. Economic benefits are examined by investigating how the market process innovation enabled by information technology (IT) reduces transaction costs and increases market efficiency. Adoption barriers are identified by analyzing transaction risks and resistance resulting from the reengineering. Successful deployment of electronic market systems requires taking into account these barriers along with the economic benefits of adoption. The paper presents suggestions based on these case studies, which are relevant to the analysis, design, and implementation of electronic market systems by market-making firms.