Download Advances in the Economics of Information Systems by Kerem Tomak PDF
By Kerem Tomak
Advances within the Economics of data structures offers a large point of view at the matters relating to functions of economics to info platforms sector. From grid computing to on-line auctions, the reader can locate novel makes use of of economics instruments in realizing thoughts with regards to using know-how on the company point. IT pros also will locate wealthy research of difficulties at their time table and enjoy the insights this reference box offers.
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Extra info for Advances in the Economics of Information Systems
Copying or distributing in print or electronic forms without written permission of Idea Group Inc. is prohibited. 42 Zhu 6 7 In order to isolate the informational role of B2B exchange, we assume that there is no other credible channel for rivals to exchange cost data. For example, unilateral announcement would not be credible and hence cannot serve as an information exchange mechanism. To avoid further complication, we assume there is only one B2B exchange in this industry and firms operate in one market only.
It is clear from equations (26) ~ (28) that higher degree of interaction will benefit producers, but it will make consumers worse off. Intuitively speaking, the interaction among member firms tends to strengthen their cooperation, which helps member firms to form an implicit coalition. The welfare position of consumers as outsiders is weakened. The overall effect on social welfare is still positive, though. By putting these three effects together and based on (26) ~ (28), albeit a tedious process, we can show the following result: Proposition 3 (Welfare effects on producers, consumers, and society): Producer surplus will rise due to more efficient allocation of production Copyright © 2005, Idea Group Inc.
1990). Trade association disclosure rules, incentives to share information, and welfare. Rand Journal of Economics, 21(3), 409-430. Zhu, K. (1999). Strategic investment in information technologies: A realoptions and game-theoretic approach. Doctoral dissertation. Stanford University, Stanford, CA. Zhu, K. (2002). Information transparency in electronic marketplaces: Why data transparency may hinder the adoption of B2B exchanges. Electronic Markets, Special Issue on B2B E-Commerce, 12(2), 92-99.