http://hdl.handle.net/2451/27738 Fri, 10 Apr 2026 14:56:04 GMT 2026-04-10T14:56:04Z http://hdl.handle.net/2451/27840 Title: The Productivity Payoff of Computers Authors: Bakos, Yannis Abstract: This is a review of 'The Computer Revolution: An Economic Perspective' by Daniel E. Sichel Fri, 03 Jul 1998 00:00:00 GMT http://hdl.handle.net/2451/27840 1998-07-03T00:00:00Z http://hdl.handle.net/2451/27839 Title: The Emerging Role of Electronic Marketplaces on the Internet Authors: Bakos, Yannis Sat, 01 Aug 1998 00:00:00 GMT http://hdl.handle.net/2451/27839 1998-08-01T00:00:00Z http://hdl.handle.net/2451/27838 Title: An Exploratory Study of the Emerging Role of Electronic Intermediaries Authors: Bakos, Yannis; Bailey, Joseph Abstract: It is often argued that as electronic markets lower the cost of market transactions, traditional roles for intermediaries will be eliminated, leading to "disintermediation." We discuss the findings of an exploratory study of intermediaries in electronic markets, which suggest that markets do not necessarily become disintermediated as they become facilitated by information technology. We explore thirteen case studies of firms participating in electronic commerce and find evidence of certain new emerging roles for electronic intermediaries, including: aggregating, matching suppliers and customers, providing trust, and providing inter-organizational market information. Two specific examples are discussed in greater detail to illustrate an unsuccessful strategy for electronic intermediation (BargainFinder) as well as a successful one (Firefly). Wed, 01 Jan 1997 00:00:00 GMT http://hdl.handle.net/2451/27838 1997-01-01T00:00:00Z http://hdl.handle.net/2451/27837 Title: Organizational PArtnerships and the Virtual Corporation Authors: Bakos, Yannis; Brynjolfsson, Erik Abstract: Organizations are transforming their relationships with their business partners. For example, instead of playing off dozens or even hundreds of competing suppliers against each other, many firms are finding it more profitable to work closely with only a small number of "partners". While these firms generally increase their amount of outsourcing, by focusing on a small number of partners they create value networks that are often referred to as "value-added-partnerships", "virtual organizations" or "modular corporations". In this work we explore some causes and consequences of this transformation. We apply the economic theory of incomplete contracts to study the optimal number of business partners, with particular attention to the role of information technology. Surprisingly, we find that organizations will often maximize profits by limiting their options and reducing their own bargaining power. This may seem paradoxical in an age of cheap communications costs and aggressive competition. However, unlike earlier studies that focused on coordination costs, we focus on the critical importance of providing incentives for business partners. Our results spring from the need to make it worthwhile for business partners to invest in "non-contractibles" like innovation, responsiveness and information sharing. Such incentives will be stronger when the number of competing partners is small. The findings of the theoretical models appear to be consistent with observations from empirical research which highlight the key role of information technology in enabling this transformation. Wed, 01 Jan 1997 00:00:00 GMT http://hdl.handle.net/2451/27837 1997-01-01T00:00:00Z