The logic of electronic markets
Harvard Business Review
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MIS Quarterly - Special issue on the strategic use of information systems
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CIA '98 Proceedings of the Second International Workshop on Cooperative Information Agents II, Learning, Mobility and Electronic Commerce for Information Discovery on the Internet
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WET-ICE '96 Proceedings of the 5th International Workshops on Enabling Technologies: Infrastructure for Collaborative Enterprises (WET ICE'96)
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The Knowledge Engineering Review
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Proceedings of the SIGCHI Conference on Human Factors in Computing Systems
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International Journal of Electronic Commerce
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In the evolution of mankind, markets have developed as independent and highly functional institutions. This paper identifies the major structures, processes, and players of real markets on an abstract scale, and transforms these elements into virtual objects for the purpose of designing a conceptual model of an electronic market. The particular form of market it concentrates on, the Oriental bazaar, is the traditional and dominant market type in Oriental cities. The main characteristic of an Oriental bazaar is the negotiation system that determines the prices of individual products and services.