Book,
The matching function for electronic market places: <br>determining the probability of coordinating of <br>supply and demand
(2004)
Abstract
Electronic market places have the function of coordinating the
<br>supply and demand in the World Wide Web (WWW) on a central platform.
<br>This coordination service is frequently offered by a central operator (the
<br>so-called market operator), who actively intervenes in the market as an
<br>organiser or broker. The operator collects the bids and asks in a database and
<br>orders them according to a specific coordination mechanism (the so-called
<br>matching). This paper analyses the coordination function (concretely reflected
<br>in the matching function) of an electronic market place according to the aspects
<br>of competition. The result of the analysis is a matching function. Using this
<br>function, we can determine the ?strength of competition? of an electronic
<br>market place as measured by the probability of the successful mapping between
<br>supply and demand...<br>Tobias Kollmann
