Governance Mechanisms in Business-to-Business Electronic Markets
研究了企业对企业电子市场中市场制定者使用的三种治理机制（监控、社区建设、自我参与）如何影响市场绩效，并发现其效果取决于市场的不确定性和定价方式。
Rather than relying on traditional relational exchanges, recent technological advances have made it feasible for firms to undertake market-based transactions through information technology–mediated electronic markets. The success of such business-to-business electronic markets depends on the governance practices of the market maker—that is, the firm that manages and administers the electronic market. Market makers use three governance mechanisms to manage electronic markets: (1) monitoring the market participants (i.e., buyers and sellers that participate in the market), (2) building a sense of community among market participants to instill mutual respect and trust, and (3) self-participating in the electronic market to build know-how about how the market functions. Building on transaction cost analysis theory, the authors suggest that the influence of these governance mechanisms on electronic market performance (i.e., meeting strategic and financial objectives) depends on behavioral and external uncertainty in the market. Survey data from market makers show that (1) monitoring is effective for reputed market makers and when demand uncertainty is high, (2) community building is beneficial when pricing is static rather than dynamic, and (3) self-participation is useful when the market maker is well reputed and when the market relies on dynamic pricing.