Transaction risk in electronic commerce

@article{Westland2002TransactionRI,
  title={Transaction risk in electronic commerce},
  author={J. Christopher Westland},
  journal={Decision Support Systems},
  year={2002},
  volume={33},
  pages={87-103}
}
Electronic commerce business models can add value by elimination of control and risk-bearing borne by channel intermediaries. But such markets may be less robust encouraging risky behavior. We explore a model of transaction risk in the migration from broker-mediated to electronic markets. The research finds that: (1) the risk of falsely accepting ‘bad’ orders is the critical risk measure for optimal control choice; (2) control policies and operational policies must be established simultaneously… CONTINUE READING
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