Article,
Business Models for Internet-Based B2B Electronic Markets.
International Journal of Electronic Commerce, 6 (4): p41 - (2002)
Abstract
Information technology (IT) has long been applied to support exchanges
of goods, services, and information between organizations. With
the advent of Internetbased business-to-business (B2B) electronic
markets, however, real opportunities for online transactions have
opened up. This paper develops an extended framework for studying
business models of B2B electronic markets in terms of their roles
and functions. Synthesizing prior research on electronic markets,
interorganizational information systems, and adoption of network
technologies, we reveal that B2B electronic markets offer basic
market functions, as some researchers have indicated, and that the
current functionality base for electronic markets is beginning to
emphasize other capabilities that aim to satisfy management information
and risk-management needs and enable technological adaptation and
systems integration. The analytic framework is applied to a systematic
study and classification of representative electronic markets t
