Coordination Mechanisms and Systems Architectures in Electronic Market Systems

  • S. Klein
  • T. J. Langenohl


Computerized Travel Reservation Systems (CRS) are next to Computerized Financial Markets one of the most important and prominent applications of electronic market systems.

We want to introduce constitutive elements and concepts of electronic markets as emerging forms of organization and economic coordination. Within electronic markets and interorganizational systems, a wide variety of coordination or trading mechanisms, such as auctions, offer/accept and matching systems, are used. We will present a rough taxonomy of such coordination mechanisms. Aspects of implementing electronic markets will be discussed under the heading of systems architectures namely message passing systems. A particular focus will therefore be set on the comparison of different types of coordination mechanisms and enabling systems architectures. The example of CRS and in particular Galileo is used to illustrate different functional properties of coordination mechanisms and organizational contingencies for their application. Implications and requirements for the systems and application architecture will be discussed.


System Architecture Coordination Mechanism Market Transaction Travel Agent Order Book 


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Copyright information

© Springer-Verlag/Wien 1994

Authors and Affiliations

  • S. Klein
    • 1
  • T. J. Langenohl
    • 1
  1. 1.Competence Center Electronic Markets, Institute for Information ManagementUniversity of St. GallenSwitzerland

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