The Internet has revolutionized the way consumers and firms
interact in the marketplace, and it has dramatically changed the
information enjoyed by market participants at various points in the
value chain. This volume on the Internet and e-commerce provides
academics and practitioners with useful research on the 'glue' that
holds the new economy together. The first six chapters of the text
examine four broad issues: the role of the Internet in fostering
competition, its impact on price dispersion and on
business-to-business transactions, and the importance of reputation
and trust in the new economy. The last four chapters examine the
impact of the Internet on the organization of firms, the efficiency
of auctions in the Internet age, how consumers choose websites and
acquire product information, and the growing problem of congestion
on the Internet. This volume is part of Emerald's "Advances in
Applied Microeconomics" series - an annual research volume that
seeks to disseminate frontier research well in advance of journals
and other outlets.
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