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ISEM
2007

IT-enabled transparent electronic markets: the case of the air travel industry

13 years 2 months ago
IT-enabled transparent electronic markets: the case of the air travel industry
The electronic market hypothesis (EMH) predicts that by reducing coordination costs, information technology (IT) will shift industrial organization from hierarchical to market-based forms of economic activity. While academic researchers and practitioners have witnessed these shifts with the advent of the Internet, there is little understanding about the process and the underlying forces that drive them. In this paper, we provide an in-depth analysis of the air travel industry, which has recently experienced significant IT-driven transformations. We conclude that, together with IT, pro-competitive laws and the information-intensive nature of air travel products have triggered competition for consumers with transparent market mechanisms, which is leading to the emergence of more transparent electronic markets in the air travel industry.
Nelson F. Granados, Alok Gupta, Robert J. Kauffman
Added 15 Dec 2010
Updated 15 Dec 2010
Type Journal
Year 2007
Where ISEM
Authors Nelson F. Granados, Alok Gupta, Robert J. Kauffman
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