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SURVIVAL AND OWNERSHIP OF INTERNET MARKETPLACES FOR AGRICULTURE AgEcon
Wheatley, W. Parker.
This research develops a theory of how market structure and belief formation drive survival and ownership of marketplaces. This paper explains the process for deriving theoretical predictions about these phenomena and suggests how comparison of theoretical predictions with actual outcomes in the context of agricultural Internet marketplaces provides an empirical test. By providing a sound understanding of the driving forces behind Internet marketplace ownership, a factual basis is introduced relative to concerns about concentration of the ownership of Internet marketplaces in the hands of buyers or sellers in agricultural markets.
Tipo: Conference Paper or Presentation Palavras-chave: Internet markets; Equilibrium selection; Commodity markets; Ownership; Agribusiness; L19; Q13; C72.
Ano: 2003 URL: http://purl.umn.edu/22214
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After the Bubble: The Survival and Ownership of Internet Marketplaces for Farmers and Agribusiness AgEcon
Wheatley, W. Parker; Buhr, Brian L..
This paper presents a theory of how industry structure and beliefs about Internet marketplace use have driven choice and ownership of marketplaces. The theory's predictions suggest that surviving Internet marketplaces will be those with strong historical linkages in an industry and those owned by or affiliated with major commodity buyers. Comparisons of these predictions with actual outcomes provide validation of the theory. Where predictions differ from results, observations are made as to the nature of the deviations.
Tipo: Journal Article Palavras-chave: Agricultural markets; Electronic commerce; Internet markets; Network externalities; Technology adoption; Agribusiness.
Ano: 2005 URL: http://purl.umn.edu/30979
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