The widespread use of internet and the associated emergence of e-commerce will increasingly changed our lives and the economy. Just like in e-commerce, in the division of labour in the economy, transaction costs and networking effects also play important roles. The optimal tradeoff between the economies of specialization through the network of division of labour and the transaction costs of the required exchanges is a central aspect of the Yang-Ng framework of inframarginal analysis of the network of division of labour and the associated economic organization and its evolution. This framework has been recommended by Professor James Buchanan (Nobel Laureate in Economics) as the most important analysis in economics in the world today. This volume selects papers (with revision after a refereeing process), from the international conference on 'The Economics of e-Commerce and Networking Decisions' at Monash University on 6-7 July 2001, using the new framework to analyse e-commerce and other networking decisions especially the division of labour.
PART I: KEYNOTE SPEECHES
Inframarginal Versus Marginal Analysis of Networking Decisions and E-Commerce; Y-K.Ng
A Review of the Literature of Inframarginal Analysis of Network of Division of Labour; X.Yang
PART II: E-COMMERCE
E-Commerce, Transaction Cost and the Network of Division of Labour: A Business Perspective; H.Shi & H.Mathysen
An Equilibrium Model of Hierarchy; X.Yang
A General Equilibrium Model with Impersonal Networking Decisions and Bundling Sale; K.Li
Legislation, Electronic Commerce and the Common Law; A.Field
E-Commerce in China: Problems and Potential; J.Wong &W.Chee Kong
Networking Decisions and Bundling Sale;Ke Li
PART III: IMPERSONAL NETWORKING AND ENDOGENOUS SPECIALIZATION: THEORY AND APPLICATIONS
Toward a Theory of Impersonal Networking Decisions and Endogenous Structure of the Division of Labour; G-Z.Sun, X.Yang & S.Yao
Identification of Equilibrium Structures of Endogenous Specialization: A Unified Approach Exemplified; G-Z.Sun
Transaction Efficiency, Division of Labour and Foreign Direct Investment: A Unified Model; D.Yang
The Division of Labour and the Allocation of Time; M.Lio
PART IV: TRANSACTION COSTS AND THE DIVISION OF LABOUR MEASUREMENT AND EMPIRICAL ANALYSIS
An Indirect Approach to the Identification and Measurement of Transaction Costs; G.Rivers
An Empirical Study on the Division of Labour and Economic Structural Changes; M.Lio & M.Liu
Endogenous Transaction Costs and Division of Labour; X.Yang & Y.Zhao
YEW-KWANG NG graduated with a B.Com. from Nanyang University (Singapore) in 1966 and a Ph.D. from Sydney University in 1971. He has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published refereed papers in economics, biology, mathematics, philosophy, and psychology, and articles in the popular press. Books published include, Increasing Returns and Economic Analysis, ed. (with K.J. Arrow and X.Yang), Efficiency, Equality, and Public Policy: With a Case for Higher Public Spending and Welfare Economics:Towards A Complete Analysis .
HELING SHI is Senior Lecturer in Economics, Monash University. He has applied inframarginal economics in the areas of international trade and globalization, economic growth, industrialization, E-commerce, economics of property rights and the international comparison of living standards. He has published referred papers at American Economic Review, Journal of Comparative Economics, Journal of Economic Behavior and Organization, Economic Letters, and other professional journals. He has also been appointed as a macroeconomic/institutional/legal specialist by the Asia Development Bank to architecture development strategy for developing countries, such as China, in the areas of privatization and industrial policy, competition law, trade and globalization, fiscal and monetary policies, and E-commerce.
GUANG-ZHEN SUN is Logan Fellow in Economics, Monash University and Assistant Professor of Economics, the University of Macau, with a Ph.D in economics from Monash University (1999). He has published in microeconomic theory, urbanization and industrialization, public choice, input-output analysis, social choice, bioeconomics, sociology and literary criticisms in refereed journals. He is currently undertaking a project exploring into the nature and evolution of the network of trade and the division of labor.
Description
The widespread use of internet and the associated emergence of e-commerce will increasingly changed our lives and the economy. Just like in e-commerce, in the division of labour in the economy, transaction costs and networking effects also play important roles. The optimal tradeoff between the economies of specialization through the network of division of labour and the transaction costs of the required exchanges is a central aspect of the Yang-Ng framework of inframarginal analysis of the network of division of labour and the associated economic organization and its evolution. This framework has been recommended by Professor James Buchanan (Nobel Laureate in Economics) as the most important analysis in economics in the world today. This volume selects papers (with revision after a refereeing process), from the international conference on 'The Economics of e-Commerce and Networking Decisions' at Monash University on 6-7 July 2001, using the new framework to analyse e-commerce and other networking decisions especially the division of labour.
Contents
PART I: KEYNOTE SPEECHES
Inframarginal Versus Marginal Analysis of Networking Decisions and E-Commerce; Y-K.Ng
A Review of the Literature of Inframarginal Analysis of Network of Division of Labour; X.Yang
PART II: E-COMMERCE
E-Commerce, Transaction Cost and the Network of Division of Labour: A Business Perspective; H.Shi & H.Mathysen
An Equilibrium Model of Hierarchy; X.Yang
A General Equilibrium Model with Impersonal Networking Decisions and Bundling Sale; K.Li
Legislation, Electronic Commerce and the Common Law; A.Field
E-Commerce in China: Problems and Potential; J.Wong &W.Chee Kong
Networking Decisions and Bundling Sale;Ke Li
PART III: IMPERSONAL NETWORKING AND ENDOGENOUS SPECIALIZATION: THEORY AND APPLICATIONS
Toward a Theory of Impersonal Networking Decisions and Endogenous Structure of the Division of Labour; G-Z.Sun, X.Yang & S.Yao
Identification of Equilibrium Structures of Endogenous Specialization: A Unified Approach Exemplified; G-Z.Sun
Transaction Efficiency, Division of Labour and Foreign Direct Investment: A Unified Model; D.Yang
The Division of Labour and the Allocation of Time; M.Lio
PART IV: TRANSACTION COSTS AND THE DIVISION OF LABOUR MEASUREMENT AND EMPIRICAL ANALYSIS
An Indirect Approach to the Identification and Measurement of Transaction Costs; G.Rivers
An Empirical Study on the Division of Labour and Economic Structural Changes; M.Lio & M.Liu
Endogenous Transaction Costs and Division of Labour; X.Yang & Y.Zhao
Authors
YEW-KWANG NG graduated with a B.Com. from Nanyang University (Singapore) in 1966 and a Ph.D. from Sydney University in 1971. He has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published refereed papers in economics, biology, mathematics, philosophy, and psychology, and articles in the popular press. Books published include, Increasing Returns and Economic Analysis, ed. (with K.J. Arrow and X.Yang), Efficiency, Equality, and Public Policy: With a Case for Higher Public Spending and Welfare Economics:Towards A Complete Analysis .
HELING SHI is Senior Lecturer in Economics, Monash University. He has applied inframarginal economics in the areas of international trade and globalization, economic growth, industrialization, E-commerce, economics of property rights and the international comparison of living standards. He has published referred papers at American Economic Review, Journal of Comparative Economics, Journal of Economic Behavior and Organization, Economic Letters, and other professional journals. He has also been appointed as a macroeconomic/institutional/legal specialist by the Asia Development Bank to architecture development strategy for developing countries, such as China, in the areas of privatization and industrial policy, competition law, trade and globalization, fiscal and monetary policies, and E-commerce.
GUANG-ZHEN SUN is Logan Fellow in Economics, Monash University and Assistant Professor of Economics, the University of Macau, with a Ph.D in economics from Monash University (1999). He has published in microeconomic theory, urbanization and industrialization, public choice, input-output analysis, social choice, bioeconomics, sociology and literary criticisms in refereed journals. He is currently undertaking a project exploring into the nature and evolution of the network of trade and the division of labor.
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