Internet Marketplaces: The Law of Auctions and Exchanges Online

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Internet Marketplaces explains and analyses the legal questions and challenges posed by the increased use of online auctions and exchanges for business transactions. Rather than focusing on internet businesses as a whole, the author studies the rules related to closed internet marketplaces where commercial dealings are carried out. The book provides a detailed analysis of the new business models that are being employed, their legal structures, and the extent to which further work is still required to fill in the legal infrastructure. Professor Ramberg is well known for her expertise and involvement in this field, and the book will prove to be useful to fellow practitioners as well as being a key reference for academics working in this area.

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Product Details

  • ISBN-13: 9780199254293
  • Publisher: Oxford University Press, USA
  • Publication date: 9/28/2006
  • Pages: 232
  • Product dimensions: 9.30 (w) x 6.30 (h) x 0.70 (d)

Meet the Author

Christina Hultmark Ramberg is Professor of International Commercial Law at the Stockholm School of Economics and a member of the UNICITRAL and International Chamber of Commerce working groups on e-commerce. She has written extensively in the field of e-commerce law, and also advises governments and private law firms on the subject. Christopher Kuner is Partner at the Brussels office of Hunton & Williams, specializing in global data protection and e-commerce practices.

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Table of Contents

1. Introduction
2. The Relationship Between Internet Marketplaces and National States
3. Efficient Norm Design in the Internet Marketplace
4. Different Types of Auctions and the Legal Definition of Auction
5. Definition of the Term 'Exchange' in Law
6. The Applicable Law
7. Membership Terms and Conditions of Sale
8. Withdrawal and Cancellation of Invitations and Bids
9. Mistake in Expression
10. Determination of the Winning Bid and the Price
11. Confirmation by Third Parties
12. Illegal Transactions
13. Settlement
14. Information
15. Price Manipulation
16. Effects of Breach and Potential Breach: Exclusion, Ratings, and Fees
17. The Operator's Liability in Case of Inaccessibility
18. Dispute Resolution
19. Final Remarks

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  • Anonymous

    Posted December 9, 2004

    an operator's manual for an auction or exchange

    When you think of Internet auctions, eBay springs to mind. But it is only one of many auction sites. And then there are the b2b exchanges, usually confined to specific industries. Ramburg studies both types of entities, placing their legal frameworks in the context of existing traditional auctions and exchanges. The perspectives in the book are predominantly European, with an emphasis on Britain. She furnishes a useful taxonomy of auctions - English, Dutch, Japanese, sealed bid... You are undoubtedly familiar with the English type, but the others may be new to you. The book goes over the many details about what can go wrong online. Like different interpretations of sale conditions and membership terms. Or being able to cancel bids and what constitutes 'unintentional' mistakes and how to undo these. If you are pondering operating a new online auction or exchange, you would do well to carefully look over the many details in this book. On a de facto basis, it can be a vital operator's manual.

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