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On formal aspects of electronic (or digital) commerce: examples of research issues and challenges

The notion of electronic or digital commerce is gaining widespread popularity. By and large, these developments are being led by industry and government, with academic research following these trends in the form of empirical and economic research. Much more fundamental improvements to (global) commerce are possible, but are presently being overlooked for lack of adequate formal theories, representations and tools. The paper attempts to incite research in these directions.