Abstract

http://ssrn.com/abstract=1099516
 
 

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Governance of Electronic Commerce in Consumer and Business Markets


Bruno Deffains


Université Paris 2 Panthéon Assas

Jane K. Winn


University of Washington - School of Law

September 2008

GOVERNANCE, REGULATIONS AND POWERS ON THE INTERNET, E. Brousseau, M. Marzouki, C. Méadel, eds., Cambridge University Press, 2008

Abstract:     
Contract law provides a framework within which economic relationships can be established and administered, while electronic commerce (e-commerce) provides tools for reducing the costs of those activities. Application of traditional contract law concepts to e-commerce may result in uncertainty which may diminish the efficiency gains from technological innovation. This paper looks at the impact of e-commerce on the governance structures of commercial relationships generally, and in three specific major areas of commercial activity that have been most affected by e-commerce in recent decades. With regard to business-to-consumer electronic commerce and issues related to the security of e-commerce (including electronic signatures), "liberal market economies" (LME) such as the US have treated the growth of e-commerce as an opportunity for further deregulation of markets, while "coordinated market economies" (CME) including most EU members have responded with significant new regulations. By contrast, both LMEs and CMEs have allowed market forces to determine the direction of business-to-business e-commerce developments.

Number of Pages in PDF File: 17

Keywords: electronic commerce, business-to-business, business-to-consumer, electronic signature

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Date posted: March 3, 2008 ; Last revised: August 3, 2014

Suggested Citation

Deffains, Bruno and Winn, Jane K., Governance of Electronic Commerce in Consumer and Business Markets (September 2008). GOVERNANCE, REGULATIONS AND POWERS ON THE INTERNET, E. Brousseau, M. Marzouki, C. Méadel, eds., Cambridge University Press, 2008. Available at SSRN: http://ssrn.com/abstract=1099516

Contact Information

Bruno Deffains (Contact Author)
Université Paris 2 Panthéon Assas ( email )
12 place du Pantheon
Paris cedex 06, 75231
France
Jane Winn
University of Washington - School of Law ( email )
William H. Gates Hall
Box 353020
Seattle, WA 98105-3020
United States

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