Garicano, Luis and Kaplan, Steven N. (2002) Business-to-business e-commerce; value creation, value capture and valuation. Advances in Applied Microeconomics, 11. pp. 89-125. ISSN 0278-0984
Full text not available from this repository.Abstract
This paper presents a framework to analyze the potential changes in transaction costs due to the introduction of e-commerce on transactions between businesses. It then illustrates and applies this framework using internal data from an Internet-based firm to measure process improvements, marketplace benefits, and motivation costs. We find that process improvements and marketplace benefits are potentially large, while little evidence exists of increases in motivation costs. Finally, we use the framework to help discuss why valuations of Internet companies were so high at the end of 1999 and why they have declined so precipitously since then.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.emeraldinsight.com/10.1016/S0278-0984(0... |
| Additional Information: | © 2002 Emerald Group Publishing Limited |
| Divisions: | Management Centre for Economic Performance |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 03 Nov 2009 16:25 |
| Last Modified: | 13 Sep 2024 21:34 |
| URI: | http://eprints.lse.ac.uk/id/eprint/25579 |
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