Abstract
This paper examines the importance of ‘private cyber coins’ to the growth of efficiency in electronic commerce. ‘Private cyber coins’ such as portal cash, game money, and mileage point are new tokens issued by private companies including Internet portals. It is argued that private cyber coins have encouraged the efficiency in electronic commerce. The paper suggests that monetary freedom theory can be used to inform our understanding of the role of private cyber coins to the growth of efficiency. We suggest that private cyber coins are an essential element to the growth of efficiency through creating value and building relationship between entities.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Afuah, A., Tucci, C.L.: Internet Business Models and Strategies. McGraw-Hill Irwin, New York (2000)
Bergo, J.: Efficiency in the Norwegian Payment System. In: Proceedings of Payment System, Norway, pp. 1–10 (2002)
Dias, J., Dias, M.H., Silva, M.J.: The Demand for Digital Money and its Impact on the Economy. Brazilian Electronic Journal of Economics 2 (1999)
Dowling, G., Uncles, M.: Do Customer Loyalty Program Really Work? Sloan Management Review 38, 71–82 (1997)
Good, B.A.: Private Money: Everything Old is New Again? In: Economic Commentary. Federal Research Bank of Cleveland, pp. 1–4 (1998)
Khiaonarong, T.: Payment Systems Efficiency, Policy Approaches, and the Role of the Central Bank. Bank of Finland (2003)
Ko, J., Kim, Y.: Sense of Virtual Community: A Conceptual Framework and Research Issue. Information Systems Review 3, 325–331 (2001)
König, S.: The evolution of money: from commodity money to e-money, UNICERT IV Program (2001), http://www.ww.unimagdeburg.de/fwwdeka/student/arbeiten/009.pdf
Kvasnička, M.: Does Electronic Money Increase the Freedom of Choice? In: MendelNet 2000 Sborník příspěvkůz konference, Czech Republic, pp. 185–189 (2000)
Ledbetter, J.: Some Pitfalls in Portals. Columbia Journalism Review 38, 22–23 (1999)
Matonis, J.W.: Digital Cash and Monetary Freedom. Libertarian Alliance, UK (1995)
Miller, R., et al.: The Future of Money, Organization for Economic Cooperation and Development, France (2002)
Miskin, F.S.: The Economics of Money, Banking, and Financial Markets. Harper Collins Publisher, New York (1992)
Yin, R.K.: Case Study Research: Design and Methods. Sage Publications, Newbury Park (1994)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Park, S., Han, J., Yoon, J. (2005). The New Perspective on Private Cyber Coins in Electronic Commerce: A Korean Case. In: Bauknecht, K., Pröll, B., Werthner, H. (eds) E-Commerce and Web Technologies. EC-Web 2005. Lecture Notes in Computer Science, vol 3590. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11545163_30
Download citation
DOI: https://doi.org/10.1007/11545163_30
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-28467-3
Online ISBN: 978-3-540-31736-4
eBook Packages: Computer ScienceComputer Science (R0)