The proliferation of new information technologies throughout the world has raised some important questions for policymakers as to how developing countries can benefit from their diffusion. This important volume compares the advantages and disadvantages of the IT revolution through detailed...

Static theories of firms often fail to explain the tendency toward standardization and de facto monopolization by software and digital product firms. This article examines arguments favored by new economics of information: no market power, increasing returns, and network effects. We evaluate...

The proliferation of new information technologies throughout the world has raised some important questions for policymakers as to how developing countries can benefit from their diffusion. This important volume compares the advantages and disadvantages of the IT revolution through detailed...

In a recent paper [Bowman, V. J., C. S. Colantoni. 1973. Majority rule under transitivity constraints. Management Sci. 19 (9, May) 1029-1041.] Bowman and Colantoni have described an optimization model which they relate to problems of majority voting in the theory of social choice. Their...

The paper presents a new approach to solving a class of combinatorial economic allocation problems. One member of this class is known as the quadratic assignment problem. Besides presenting an algorithm to solve this problem, we will discuss in general terms the techniques for treating...

This paper considers a class of algorithms for solving quadratic programming problems. An attempt is made to rank the various procedures. Computational results are given and a discussion of the results is presented.

Social broadcasting networks such as Twitter in the U.S. and Weibo in China are transforming the way online word-of-mouth (WOM) is disseminated and consumed in the digital age. We investigate whether and how Twitter WOM affects movie sales by estimating a dynamic panel data model using publicly...