We investigate in this paper the problem of the dynamics of adoption of electronic commerce, focusing on agents’ expertise and learning patterns in using e-markets. Traders face a double uncertainty. In the traditional channel, intrinsic frictions make uncertain the implementation of an...

Buyers' search behaviors on electronic markets are characterized by two distinctive features: i) diminishing search costs and ii) the use of informational intermediaries such as price comparison agents (shopbots). We build a simple agent-based model that captures these two features, and we use...