Web services have become the new wave of internet technology development. More and more enterprises have ventured into this area staking a claim in their future. However, there remains a great challenge to perform transactions in the loosely coupled Web services environment. The ACID properties in traditional transaction models cannot be guaranteed due to unreliable communication, uncertain dur...

Although a multiplicity of local governments is often regarded as promoting efficiency in the supply of public services, political fragmentation can generate economies of scale and externality problems. Several exogenous solutions, including the creation of overlapping districts governments, consolidation of existing units and establishment of a metropolitan government, or direct state or feder...

Adaptations in environmental management often involve complex problems of collective action. Institutions introduced to reduce the transaction costs of solving these problems often come at considerable cost. An Institutional Cost Effectiveness Analysis Framework (ICEAF) developed to provide a comprehensive and logical structure for economic evaluation of path dependent institutional choices in ...

Transaction value analysis (TVA) integrates the concepts of resource heterogeneity and transaction cost economics into a single framework, which emphasizes both value creation and value claiming in firms’ vertical integration decisions. Using a TVA perspective, we develop hypotheses to explain the firm’s intent to outsource application services. A sample of 178 firms in the publishing and print...

We analyze the business process offshore/outsourcing trend based on the theoretical framework of transaction cost economics and resource-based view. We propose a two-dimensional taxonomy of different sourcing arrangements of business processes and services. Along the outsourcing/vertical integration dimension, we emphasize the effect of the characteristics of business processes such as asset sp...

Incorporating distributed data into the real-time framework incurs the well-known additional complexities that are associated with transaction concurrency control and database recovery in distributed database systems. We investigate here the performance implications of supporting transaction atomicity in a distributed real-time database system. Using a detailed simulation model of a rm-deadline...

The usual measures of market risk are based on the axiom positive homogeneity while neglecting an important element information—liquidity. To analyze effects this omission, in present study, we define behavior prices and volume via stochastic processes subordinated to time elapsing between two consecutive transactions market. Using simulated data from companies different sizes capitalization le...

Knowing your customers and their needs is mandatory when conducting business. In an e-commerce environment, where one often knows much less about individual customers than in a face-to-face business, questionnaires besides historical transaction data and basic information like names and geographic location are popular means to get to know customers. Here we report on an approach to analyze pref...