This paper refers to herding behaviour as developed in Bikhchandani et al. (1992), Bannerjee (1992) and Choi and Scarpa (1994). We examine the behaviour of a potential customer who does not know how many of her predecessors decided not to purchase the product. We show that, ceteris paribus, a...

Leslie Willcocks and Chong Ju Choi address the issue of whether cases of 'total' IT outsourcing merit descriptions such as 'strategic alliance' 'cooperative' or 'strategic partnership'. The business strategy literature is used to elicit developments in conceptual aspects of strategic alliances...

The East Asian economic crisis of 1997 and the rapid recovery by 1999 has become a widely debated topic among researchers; its analysis primarily based on economic theories of financial crises and their origins. This paper sets out to show how analyses based on an institutional and...

Different societies use different mechanisms to assist people or organizations achieve cooperation. The purpose of this paper is to compare three different approaches to achieving cooperation. They are a contractual approach widely used in Anglo-Saxon societies, a trust approach more common in...

The purpose of this paper is to analyze from a law and economics perspective, two issues that have become increasingly prominent in Europe and East Asian relations. The first is that of product origin, and includes the issue of Japanese automobile “transplants†in Europe. The second is...

In 2011, China continues to be the world’s largest recipient of direct foreign investment—which in 2010 totaled US$105 billion. China is also the world’s second largest economy after the U.S. Once a staunchly Communist state, China now advocates a “social market...

In information and service products such as open source software, increasing returns occur on the production or supply side, as well as network externalities on the demand side. For open source software, the social community element needs to be integrated with the framework of increasing...