Socioeconomic Impacts of New Transaction Modes: A Survey

Abstract

New transaction modes have been emerging in the crowd intelligence networking era, due to the smart connections of human, machines, and things. This paper presents a survey of recent literature that investigates how these new transaction modes affect economic activities and social affairs. First, the socioeconomic impacts of internet usage on transaction subjects (individual, enterprise, and government) are compared. Then, socioeconomic impacts of recent intelligent transaction modes such as platform economies, sharing economies, e-commerce, crowdsourcing, and community economies are reviewed. The characteristics of the existing literature are identified, and the direction of possible future research is discussed.