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Tsinghua Science and Technology 2017, 22(5): 529-538 https://doi.org/10.23919/TST.2017.8030542
Open Access | Issue | Published: 11 September 2017

Analysis of Specialized Production of Transaction Services Based on Essential Services Quantity

Show Author's Information Li Wang,  Yueting Chai( ),  Yi Liu
Department of Automation, Tsinghua University, Beijing 100084, China.
Keywords:
optimization model, essential services quantity, transaction efficiency, transaction service, specialized production
Cite this article:
Wang L, Chai Y, Liu Y. Analysis of Specialized Production of Transaction Services Based on Essential Services Quantity. Tsinghua Science and Technology, 2017, 22(5): 529-538. https://doi.org/10.23919/TST.2017.8030542
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Abstract Full text About this article

The specialized production of e-commerce transaction systems is an important research topic, which is of great significance for evaluating the development level and forecasting the development direction of e-commerce. However, there is a certain disparity between the current mainstream research model and reality, which leads to a deviated result. This paper puts forward a definition of “transaction efficiency” based on essential transaction services and establishes a model of the middleman’s specialized production decision of transaction services. The research result shows that (1) transaction efficiency plays an important role in improving the middleman’s specialized production level, (2) only when the transaction efficiency is higher than a certain threshold will the distribution middleman appear, and (3) the degree of economic specialization, price of commodities and transaction services, and other associated factors also affect the evolution of e-commerce transaction systems.


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About this article

Analysis of Specialized Production of Transaction Services Based on Essential Services Quantity

Show Author's information Li Wang, Yueting Chai( ), Yi Liu
Department of Automation, Tsinghua University, Beijing 100084, China.

Abstract

The specialized production of e-commerce transaction systems is an important research topic, which is of great significance for evaluating the development level and forecasting the development direction of e-commerce. However, there is a certain disparity between the current mainstream research model and reality, which leads to a deviated result. This paper puts forward a definition of “transaction efficiency” based on essential transaction services and establishes a model of the middleman’s specialized production decision of transaction services. The research result shows that (1) transaction efficiency plays an important role in improving the middleman’s specialized production level, (2) only when the transaction efficiency is higher than a certain threshold will the distribution middleman appear, and (3) the degree of economic specialization, price of commodities and transaction services, and other associated factors also affect the evolution of e-commerce transaction systems.

Keywords: optimization model, essential services quantity, transaction efficiency, transaction service, specialized production

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Received: 09 September 2016
Accepted: 23 December 2016
Published: 11 September 2017
Issue date: October 2017

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