Transaction automation on the internet: open electronic markets, private electronic markets and supply network solutions Online publication date: Sun, 06-Feb-2005
by Matteo Di Biagi
International Journal of Electronic Business (IJEB), Vol. 2, No. 6, 2004
Abstract: The automation of economic transaction is considered one of the major advantages of IT development. EDI networks have managed to reach this objective in certain sectors and for a restricted number of firms due to the use of private networks (VAN) and by defining language standards. The new challenge that has been introduced with the internet is the transaction automation amongst multiple economic parties. In this paper, we will identify the conditions that allow electronic markets (EMs) – with indefinite number of parties participating in the transaction – to emerge. These same conditions can also be viewed as barriers to the diffusion of EMs by favouring other solutions for internet connection. Some empirical evidences from the steel industry will help reinforce the connection between these conditions and the solution for transaction automation, whether open EMs, supply network solutions (SNS) using closed internet systems, or intermediate models such as personalised or private EMs.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Electronic Business (IJEB):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook