THE INTERNET JOB MARKET

The Internet offers a perfect environment for job seekers and companies searching for hard-to-find employees. The online job market is especially effective for technology-oriented companies and jobs because these companies and workers use the Internet regularly. However, there are thousands of other types of companies that advertise available positions, accept resumes, and take applications over the Internet. The following parties use the Internet job market :

1. Job seekers. Job seekers can reply to employment ads. Or, they can take the initiative and place their resumes on their own home pages or on others' Websites, send messages to members of newsgroups asking for referrals, and use recruiting firms such as headhunter.net, asiajobsearch.org, hotjobs.com, and monster.com. For entry-level jobs and internships for newly minted graduates, job seekers can use jobdirect.com.
2. Employers seeking employees. Many organizations advertise openings on their Web sites. Others advertise job openings on popular public portals, online newspapers, bulletin boards, and with recruiting firms. Employers can conduct interviews and administer tests on the Web.
3. Job agencies. Hundreds of job agencies are active on the Web. They use their own Web pages to post available job descriptions and advertise their services in e-mails and at other Web sites. Recruiters use newsgroups, online forums, bulletin boards, Internet commercial resume services, and portals such as Yahoo! and AOL.
4. Government agencies and institutions. Many government agencies advertise openings for government positions on their Web sites and on other sites. In addition, some government agencies use the Internet to help job seekers find jobs elsewhere, ad done in Hong Kong and the Philipines (see Study case E-Commerce)
   

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Perfect Competition in EC

EC supports efficient markets and could result in almost perfect competition. In such markets, a commodity (undifferentiated product) is produced when the consumer's willingness to pay equals the marginal cost of producing the commodity, and neither sellers nor buyers can influence supply or demand sellers not buyers can influence supply or demand conditions individually. The characteristics necessary for perfect competition are the following :

1. Many buyers and sellers must be able to enter the market at no entry cost (no barriers to entry).
2. Large buyers or sellers are not able to individually influence the market.
3. The products must be homogeneous (no product differentiation). (For customized products, there is no perfect competition.)
4. Buyers and sellers must have comprehensive information about the products and about the market participants' demands, supplies, and conditions.

EC could provide, or come close to providing, these conditions. Read More..