Cheng, Kuangnen; Lee, Zu-Hsu; Shomali, Hamid - In: International Journal of Production Economics 137 (2012) 1, pp. 137-144
The electronic markets hypothesis (EMH) predicts that the intense intrusion of information technology (IT) into the market system has a strong influence on the degree of market coordination. As transaction costs go down due to inexpensive IT-enabled exchange of information, market-based economic...