E-Marketplaces

Abstract

This chapter provides a review of the historical evolution and development in the field of Electronic Marketplaces (EMs) and explores the classifications of EMs. The authors employ a systematic approach to propose a comprehensive definition of EMs and their application with reference to recent advances in the study of EMs. Based on the review of the most cited definitions of EM in the literature of the past three decades, we propose a comprehensive definition of EM in this chapter. This chapter also identifies several classifications of EMs. There is a gap in the literature for a multi-dimensional classification system of EMs. Therefore, for the purpose of further exploration of the notion of EMs, this chapter provides an explicit review of the different classification models of EMs and presents a nine-dimensional taxonomy of EMs. The chapter concludes with a discussion of the future trends in the field of EMs and a chapter summary.

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