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On the Specification of the Business and Economic Foundations of Electronic Commerce

  • Angelo E. Thalassinidis
  • Ira Sack
Chapter
Part of the The Springer International Series in Engineering and Computer Science book series (SECS, volume 523)

Abstract

Using information modeling introduced in [KR94, K99], a specification framework and rationale of the business and economic foundations of E-Commerce is provided. A bifurcated approach to E-Commerce is undertaken. E-Commerce is partitioned into two subtypes: E-Macrocommerce (i.e., business-to-business electronic transactions) discussed in Part 1 and E-Microcommerce (i.e., business-to-consumer electronic transactions) discussed in Part 2. Our framework is founded on organizational theory, systems theory, classical economics, game theory, and business strategy. Further work is necessary in establishing the business and economic foundations of E-Commerce, but a core foundation employing business specifications, contracts, and game theory is established.

Keywords

E-Commerce Information Modeling Organizational Theory Systems Theory Classical Economics Game Theory Business Strategy Business Contracts Uniform Commercial Code Prisoner’s Dilemma War of Attrition 

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Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  • Angelo E. Thalassinidis
    • 1
  • Ira Sack
    • 2
  1. 1.EDSUSA
  2. 2.Stevens Institute of TechnologyHobokenUSA

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