IDEAS home Printed from https://ideas.repec.org/a/spr/busres/v13y2020i1d10.1007_s40685-019-0091-9.html
   My bibliography  Save this article

Transactions for trading used electric vehicle batteries: theoretical underpinning and information systems design principles

Author

Listed:
  • Sebastian Bräuer

    (University of Hildesheim)

  • Florian Plenter

    (University of Münster)

  • Benjamin Klör

    (University of Münster)

  • Markus Monhof

    (University of Münster)

  • Daniel Beverungen

    (University of Paderborn)

  • Jörg Becker

    (University of Münster)

Abstract

Proof-of-concept projects have demonstrated that used electric vehicle batteries (EVBs), after their removal from electric vehicles due to insufficient performance, can be repurposed for less demanding applications. It is expected that numerous batteries will be available for repurposing in the 2020s. However, the information asymmetries and transaction costs of trading used EVBs have remained unexplored, as have principles that guide the design of information systems that support the trade. Based on existing literature and in-depth interviews with battery experts, we conceptualize two key transactions for trading used EVBs. We then identify potential information asymmetries and transaction costs based on new institutional economic theory and propose five design principles that information systems should implement to address these information asymmetries and transaction costs. Subsequent research can build on our results to further frame the economic properties of trading used EVBs and to design information systems in line with new institutional economic theory.

Suggested Citation

  • Sebastian Bräuer & Florian Plenter & Benjamin Klör & Markus Monhof & Daniel Beverungen & Jörg Becker, 2020. "Transactions for trading used electric vehicle batteries: theoretical underpinning and information systems design principles," Business Research, Springer;German Academic Association for Business Research, vol. 13(1), pages 311-342, April.
    • Handle: RePEc:spr:busres:v:13:y:2020:i:1:d:10.1007_s40685-019-0091-9
    DOI: 10.1007/s40685-019-0091-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40685-019-0091-9
    File Function: Abstract
    Download Restriction: no
    File URL: https://libkey.io/10.1007/s40685-019-0091-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Assunção, André & Moura, Pedro S. & de Almeida, Aníbal T., 2016. "Technical and economic assessment of the secondary use of repurposed electric vehicle batteries in the residential sector to support solar energy," Applied Energy, Elsevier, vol. 181(C), pages 120-131.
    4. Björn Nykvist & Måns Nilsson, 2015. "Rapidly falling costs of battery packs for electric vehicles," Nature Climate Change, Nature, vol. 5(4), pages 329-332, April.
    5. Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
    6. Bardhan, Pranab, 1989. "The new institutional economics and development theory: A brief critical assessment," World Development, Elsevier, vol. 17(9), pages 1389-1395, September.
    7. Simon, Herbert A., 1985. "Human Nature in Politics: The Dialogue of Psychology with Political Science," American Political Science Review, Cambridge University Press, vol. 79(2), pages 293-304, June.
    8. John Mingers, 2001. "Combining IS Research Methods: Towards a Pluralist Methodology," Information Systems Research, INFORMS, vol. 12(3), pages 240-259, September.
    9. Heymans, Catherine & Walker, Sean B. & Young, Steven B. & Fowler, Michael, 2014. "Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling," Energy Policy, Elsevier, vol. 71(C), pages 22-30.
    10. Gary Hamel, 1991. "Competition for competence and interpartner learning within international strategic alliances," Strategic Management Journal, Wiley Blackwell, vol. 12(S1), pages 83-103, June.
    11. Caiping Zhang & Jiuchun Jiang & Weige Zhang & Yukun Wang & Suleiman M. Sharkh & Rui Xiong, 2014. "A Novel Data-Driven Fast Capacity Estimation of Spent Electric Vehicle Lithium-ion Batteries," Energies, MDPI, vol. 7(12), pages 1-19, December.
    12. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    13. Victor P. Goldberg, 1976. "Regulation and Administered Contracts," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 426-448, Autumn.
    14. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Antônio Rufino Júnior, Carlos & Sanseverino, Eleonora Riva & Gallo, Pierluigi & Koch, Daniel & Schweiger, Hans-Georg & Zanin, Hudson, 2022. "Blockchain review for battery supply chain monitoring and battery trading," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dow,Gregory K., 2019. "The Labor-Managed Firm," Cambridge Books, Cambridge University Press, number 9781107589650.
    2. Malina, Christiane, 2019. "A normative analysis of subsidization of all-electric vehicles in Germany," CAWM Discussion Papers 109, University of Münster, Münster Center for Economic Policy (MEP).
    3. Francois Lantin & Pierre Roy, 2007. "L'impact de la notation financière sur les stratégies de croissance externe," Post-Print halshs-00692570, HAL.
    4. repec:eee:labchp:v:2:y:1986:i:c:p:789-848 is not listed on IDEAS
    5. Saul Estrin & Susanna Khavul & Mike Wright, 2022. "Soft and hard information in equity crowdfunding: network effects in the digitalization of entrepreneurial finance," Small Business Economics, Springer, vol. 58(4), pages 1761-1781, April.
    6. Robert-Nicoud, Frédéric & Olarreaga, Marcelo & Carrère, Céline & Fugazza, Marco, 2016. "On the heterogeneous effect of trade on unemployment," CEPR Discussion Papers 11540, C.E.P.R. Discussion Papers.
    7. Schmidt, Reinhard H., 2020. "Das Arbeitsgebiet "Unternehmensfinanzierung" als Teil der deutschen Betriebswirtschaftslehre," IBF Paper Series 02-20, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    8. Bernard Paulré, 2001. "Enjeux et dilemmes de l'économie cognitive," Working Papers halshs-00135486, HAL.
    9. Chaney, Damien, 2019. "A principal–agent perspective on consumer co-production: Crowdfunding and the redefinition of consumer power," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 74-84.
    10. Aubrey Clark & Giovanni Reggiani, 2021. "Contracts for acquiring information," Papers 2103.03911, arXiv.org.
    11. Francois Lantin, 2008. "L'importance de la note initiale et du type de changement dans la mesure de l'impact de la notation financière (rating) sur le marché actions," Post-Print halshs-00692578, HAL.
    12. Luis H. B. Braido, 2003. "Insurance and Incentives in Sharecropping," CESifo Working Paper Series 1098, CESifo.
    13. Reddy, Kotapati Srinivasa, 2016. "Institutional Voids and Tax litigation in Emerging Economies: The verdict of Vodafone cross-border acquisition of Hutchison," MPRA Paper 74264, University Library of Munich, Germany, revised 2016.
    14. Luis H.B. Braido, 2005. "Risk and Insurance in Sharecropping," Risk and Insurance 0508002, University Library of Munich, Germany.
    15. Dionne, G. & Doherty, N., 1991. "Adverse Selection In Insurance Markets: A Selective Survey," Cahiers de recherche 9105, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    16. Dongyuan Zhan & Amy R. Ward, 2019. "Staffing, Routing, and Payment to Trade off Speed and Quality in Large Service Systems," Operations Research, INFORMS, vol. 67(6), pages 1738-1751, November.
    17. Matthias Kiefer & Edward Jones & Andrew Adams, 2016. "Principals, Agents and Incomplete Contracts: Are Surrender of Control and Renegotiation the Solution?," CFI Discussion Papers 1603, Centre for Finance and Investment, Heriot Watt University.
    18. Mustaruddin Mustaruddin & Aristya Dinata & Wendy Wendy & Anwar Azazi, 2017. "Asymmetric Information and Capital Structure: Empirical Evidence from Indonesia Stock Exchange," International Journal of Economics and Financial Issues, Econjournals, vol. 7(6), pages 8-15.
    19. Mico APOSTOLOV, 2016. "Ownership And Control Structures A Case Study," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(2), pages 23-37, June.
    20. Iavor Marangozov, 2005. "From Practice to Theory of the International Joint Ventures," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 44-77.
    21. Olivier Meier & Aurélie Sannajust, 0. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 0, pages 1-16.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:busres:v:13:y:2020:i:1:d:10.1007_s40685-019-0091-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.