Haim Mendelson is the Kleiner Perkins Caufield and Byers Professor of Electronic Business and Commerce and Management, at the Graduate School of Business, Stanford University. His research interests include securities markets, electronic markets, information technology and the information industries. He was elected Distinguished Fellow of the Information Systems Society in recognition of outstanding intellectual contributions to the discipline. Professor Mendelson has published more than one hundred research papers in professional journals and has consulted for high-tech companies, financial i...