The Effects of Business-to-Business E-Commerce on Transaction Costs
- Topics:
- Commercial Banking
- Tags:
- B2B,
- B2B E-commerce,
- E-business/E-Commerce,
- Internet,
- National Bureau Of Economic Research,
- Transaction Cost
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Overview: This paper studies the changes in transaction costs from the introduction of the Internet in transactions between firms (i.e., business-to-business (B2B) e-commerce). It begins with a conceptual framework to organize the changes in transaction costs that are likely to result when a transaction is transferred from a physical marketplace to an Internet-based one. Following Milgrom and Roberts (1992), it differentiates between the impact on coordination costs and motivation costs. It argues that it is likely that B2B e-commerce reduces coordination costs and increases efficiency. It classifies these efficiencies into three broad categories process improvements; marketplace benefits; and indirect improvements.
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Format: PDF | Size: 273KB | Date: Nov 2000 | Pages: 53
