With the invention of the Internet, certain GT tools have received
significant attention
: web auctions gave a boost to auction theory, and
numerous web sites offer an opportunity to haggle, thus making bargaining
theory fashionable. In addition, the advent of relatively cheap
information technology has reduced transaction costs and enabled a level
of disintermediation that could not be achieved before. Hence, it can
only become more important to understand the interactions among independent
agents within and across firms. While the application of
game theory to supply chain management is still in its infancy, much
more progress will soon come.