Laws governing development of institutionalization of e-commerce

TL;DR

This paper explores the fundamental laws and objective principles behind the development and institutionalization of e-commerce, emphasizing the role of Internet technology and transaction costs in shaping new economic institutions.

Contribution

It provides an analysis of the objective laws governing the formation of social and economic institutions in electronic commerce, focusing on value transaction costs as a key driver.

Findings

Internet technology accelerates institutional transformation in e-commerce.

Value transaction costs influence the formation of new economic institutions.

Deep institutional changes are driven by rapid technological development.

Abstract

Article about objective laws of formation of social and economic institutes in system of electronic commerce. Rapid development of Internet technologies became the reason of deep institutional transformation of economic relations. The author analyzes value transaction costs as motive power of formation of new economic institutes in network economy.