Effect of technological breakthroughs on electronic markets

Electronic Commerce Research

Volumn 6, Issue 3-4, 2006, Pages 389-404

  Li, Xiaotong ^a   Gupta, Jatinder N D ^a   Koch, James V ^b  

^a UNIVERSITY OF ALABAMA IN HUNTSVILLE   (United States)

^b OLD DOMINION UNIVERSITY   (United States)

Author keywords

Dynamical equilibrium; Dynamical system; E commerce; Electronic markets; Evolutionary game theory; Market evolution; Technological breakthrough

Indexed keywords

DYNAMICAL SYSTEMS; ELECTRONIC COMMERCE;

BUYERS AND SELLERS; COMPETITIVE MODELS; DYNAMICAL EQUILIBRIUM; E- COMMERCES; ELECTRONIC MARKET; EVOLUTIONARY GAME THEORY; MARKET EVOLUTION; MARKET STRUCTURES; SEARCH COSTS; TECHNOLOGICAL BREAKTHROUGHS;

GAME THEORY;

EID: 33749316913     PISSN: 13895753     EISSN: 15729362     Source Type: Journal    
DOI: 10.1007/s10660-006-9075-x     Document Type: Article

References (34)

1. Amor, D. (2000). The e-business revolution. Upper Saddle River, NJ: Prentice-Hall.
2. Bakos, J. Y. (1991). A strategic analysis of electronic marketplaces. MIS Quarterly, 15, 295-310.
3. Center for the Digital Future. (2004). Digital Future Project, Year Four Report. Los Angeles: Center for the Digital Future, Annenberg School, University of Southern California.
4. Clemons, E. K., et al. (2002). Price dispersion and differentiation in online travel: An empirical investigation. Management Science, 48(4), 534-549.
5. Crawford, V. (2003). Lying for strategic advantage: Rational and boundedly rational misrepresentation of intentions. American Economic Review, 93(1), 133-149.
6. Deak, E. J. (2003) The economics of e-commerce and the internet. Mason, OH: Thomson/South-Western.
7. Elberse, A., Barwise, P., & Hammond, K. (2002). The impact of the internet on horizontal and vertical competition: Market efficiency and value chain reconfiguration. In Michael R. Baye (ed.), The economics of the internet and e-commerce, Volume 11, Advances in Applied Microeconomics Series, Oxford: Elsevier Science.
8. Fudenberg, D., & Tirole, J. (1991). Game theory. Cambridge: MIT Press.
9. Fudenberg, D., & Levine, D. K. (1998). The theory of learning in games. Cambridge: MIT Press.
10. Hirsch, M., & Smale, S. (1974). Differential equations, dynamical systems, and linear algebra. New York: Academic Press.
11. Hofbauer, J., & Sigmund, K. (1998). Evolutionary games and population dynamics. New York: Cambridge University Press.
12. Horrigan, J. et al. (2003). The ever-shifting internet population. Washington: The Pew Internet and American Life Project, pewinternet.org.
13. Kauffman, R. J., & Li, X. Understanding informational cascades and payoff externalities: Strategic implications for firm and market-level information technology adoption. (University of Minnesota MIS Research Center Working Paper No. 2003-36, another version appeared in the 2003 INFORMS Conference on Information Systems and Technology Proceedings.)
14. Katz, M. L., & Shapiro, C. (1985). Network externalities, competition and compatibility. American Economic Review, 75, 424-440.
15. Koch, J. V. (2003). Are prices lower on the internet? Not always! Business Horizons, 46, 47-52.
16. Koch, J. V., & Cebula, R. J. (2002). Price, quality, and service on the internet: Sense and nonsense. Contemporary Economic Policy, 20, 25-37.
17. Li, X. (2004). Informational cascades in IT adoption. Communications of the ACM, 47, 93-97.
18. Li, X. (2005). Cheap talk and bogus network externalities in the emerging technology market. Marketing Science, 24, 531-543.
19. Madden, M. (2006). Internet Penetration and Impact, Pew Internet and American Life Project. www.pewinternet.org.
20. Mailath, G. J. (1998). Do people play nash equilibrium? Lesson from evolutionary game theory. Journal of Economic Literature, 36, 1347-1374.
21. Pan, X., Shankar, V., & Ratchford, B. T. (2002). Price competition between pure play versus bricks-and-clicks e-tailers: Analytical model and empirical analysis. In Michael R. Baye (Ed.). The economics of the internet and e-commerce, Volume 11, Advances in Applied Microeconomics Series, Oxford: Elsevier Science.
22. Porter, M. E. (2001) Strategy and the internet. Harvard Business Review, 79(3), 62-79.
23. Resnick, P., & Zeckhauser, R. (2002). Trust among strangers in internet transactions: Empirical analysis of eBay's reputation system. In Michael R. Baye (Ed.). The economics of the internet and e-commerce. Volume 11, Advances in Applied Microeconomics Series, Oxford: Elsevier Science.
24. Samuelson, L. (1997). Evolutionary games and equilibrium selection. Cambridge: MIT Press.
25. Shapiro, C., & Varian, H. R. (1999). Information rules: A strategic guide to the network economy. Harvard Business School Press.
26. Scheinkman, J., & Xiong, W. (2003). Overconfidence and speculative bubbles. Journal of Political Economy, 111, 1183-1219.
27. Schumpeter, J. A. (1942). Capitalism, socialism and democracy. New York: Harper and Brothers.
28. Schuster, P., & Sigmund, K. (1983). Replicator dynamics. Journal of Theoretical Biology, 100, 533-538.
29. Stein, T. (2004). The net's good fortunes. Wired (March), 57.
30. Taylor, P., & Jonker, L. (1978). Evolutionary stable strategies and game dynamics. Mathematical Bioscience, 40, 145-156.
31. Thurm, S., & Delaney, K.J. (2004). Yahoo, Google and Internet Math, Wall Street Journal, 243 (May 10), C1, 3.
32. Toffler, A. (1970). Future shock. New York: Random House.
33. Varian, H. R. (1981). Dynamical systems with applications to economics. In Kenneth J. Arrow & Michael D. Intrilligator (Eds.), Handbook of mathematical economics, Volume 1, New York: Elsevier Science Publishers.
34. Weibull, J. W. (1995). Evolutionary game theory. Cambridge: MIT Press.