Christina Hultmark Ramberg is Professor of Commercial Law at the School of Economics and Commercial Law, Göteborg University, Sweden, 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.

• 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

Christina Hultmark Ramberg is Professor of Commercial Law at the School of Economics and Commercial Law, Göteborg University, Sweden, 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.

• 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

Christina Hultmark Ramberg is Professor of Commercial Law at the School of Economics and Commercial Law, Göteborg University, Sweden, 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.

• 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