The Governanace of Transaction by Commercial Intermediaries

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The Governanace of Transaction by Commercial Intermediaries

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dc.contributor.author Brousseau, Eric en_US
dc.date.accessioned 2009-02-04T10:25:24Z
dc.date.available 2009-02-04T10:25:24Z
dc.date.issued 2004-03-18T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/6885
dc.description.abstract Efficiency arguments explain why commercial intermediaries exist and will continue to be involved in the exchanges despite the spread of digital networks. Commercial intermediaries provide producers and consumers with a set of information, logistic, securization and insurance (and liquidity) services. By bundling these services and by dedicating assets and learning capabilities to their production, commercial intermediaries enable to economize on transaction costs. Digital network per se cannot enables transacting parties to benefit from such efficient providers of intermediation services. Rather than establishing direct relationships among producers and consumers, the Internet will support a re-organization of existing intermediation chains, because traditional intermediaries will reinforce their ability to provide these service by using ITs. The analysis of the role of commercial intermediaries thus leads to a better understanding of the futures of e-Commerce. In turn, e-Commerce provides New-Institutional Economics with a stimulating case to analyze the economics of commercial intermediation. en_US
dc.format.extent 69 s. en_US
dc.language eng en_US
dc.relation.ispartofseries LINK Working paper;2001-25 en_US
dc.subject.other kep en_US
dc.title The Governanace of Transaction by Commercial Intermediaries en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse
dc.contributor.departmentshort INT
dc.contributor.departmentuk Department of International Economics and Management
dc.contributor.departmentukshort INT
dc.idnumber x656406347 en_US
dc.publisher.city København en_US
dc.publisher.year 2001 en_US
dc.title.subtitle An Analysis of the Reengineering of Intermediation by Electronic Commerce en_US


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