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Early discussions on the role of intermediaries in electronic markets focussed on the hypothesis that electronic markets would reduce the amount of - or even eliminate - intermediaries due to decreasing transaction costs. Omission of intermediary levels in the value chain due to direct interaction of producers and consumers is frequently named 'disintermediation'. However, a disintermediation to the extent forecasted could not be observed so far in electronic markets.

Source(s): For further information see e.g.: Giaglis, G. M.; Klein, S.; O'Keefe, R. M. (1999): Disintermediation, Reintermediation, or Cybermediation? The Future of Intermediaries in Electronic Marketplaces, In Proceedings of the 12th International Bled Electronic Commerce Conference, S. 389-407.

In German: Disintermediation (ID: 38)

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