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 viewpoint at the matters with regards to functions of economics to info structures region. From grid computing to on-line auctions, the reader can locate novel makes use of of economics instruments in knowing innovations concerning using know-how on the enterprise point. IT execs also will locate wealthy research of difficulties at their time table and enjoy the insights this reference box offers.

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This reflects the convexity of profits as a function of costs. It can be shown ∂∆π/∂σ 2 = ψ 2 (k – 1)[1+ (k – 2) ρ] > 0, then: Corollary 1 (property of convexity): Firms would have stronger incentives to join the B2B exchange when they face higher uncertainty, that is, ∂∆π/ ∂σ 2 > 0. Term ψ 2 (k – 1)[1+ (k – 2) ρ]σ 2 represents the benefits of information aggregation on the B2B exchange. It would be more valuable when the uncertainty, σ 2, is higher. This result is consistent with our positioning conceptualized earlier that B2B exchange serves as an information-transmission platform.

The result is that cooperation through information aggregation will benefit participating firms, but it may hurt consumers. In this case, the firms’ incentives to form the B2B exchange may be socially excessive, and anticompetitive concerns may become legitimate as producers’ and consumers’ interests collide regarding information transparency of the B2B exchange. Then the FTC’s concern might be justified in such a situation (CRN Business Weekly, 2000; Disabatino, 2002). Comparison with the Literature To close this section, it is worth noting the differences between our results and the literature.

J. (2002). Business models for Internet-based procurement systems and B2B electronic markets: An explanatory assessment. Intl. Journal of Electronic Commerce. Disabatino, J. (2002, June 28). DOT report on Orbitz inconclusive. Computer World. Federal Trade Commission. (2000). Competition policy in the world of B2B electronic marketplaces. , & Tirole, J. (1991). Game theory. Cambridge, MA: MIT Press. Gal-Or, E. (1986). Information transmission - Cournot and Bertrand equilibria. Review of Economic Studies, 53, 85-92.

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