transaction cost economics (tce), as a subset of new institutional economics (nie), is the combination of economics, organization and law. noble prize in 2009 was dedicated to oliver williamson who was the most popular face in the economics as tce main contributor. in tce, the main issues on the one hand is how institutions follow characteristics of transactions, on the other hand, the making o...

From choosing the daily lunch menu to buying or selling stock options, decisions have to be made every day. In general, due to incomplete information, making a decision carries a risk. Typically, such risks are mitigated through risk management. Research on risk management has received a lot of attention and has led to several standards, models, and scientific theories. However, risk is not the...

Panic buying has been globally observed, leading to substantial stock-outs and supply chain disruptions, thus inducing additional panic buying. Regarding behavior as an intuitive over-protective measure during the strict lockdown seal-off management in China, this study presented a synthetic conceptual model by integrating protective action decision (PADM). We examined inductively relationships...

The Web and Grid services frameworks provide a promising infrastructure for cross-organizational use of online services. The use of services in large-scale and cross-organizational environments requires the negotiation of agreements that define these services. Buying at a fine granularity just when a need arises is only feasible if the costs of establishing new agreements are low. Today, negoti...

In the last decade, new ways of shopping online have increased the possibility of buying products and services more easily and faster than ever. In this new context, personality is a key determinant in the decision making of the consumer when shopping. A person’s buying choices are influenced by psychological factors like impulsiveness; indeed some consumers may be more susceptible to making im...

BACKGROUND AND AIMS Descriptions of compulsive buying often emphasize the roles of negative moods and trait impulsivity in the development of problematic buying habits. Trait impulsivity is sometimes treated as a unidimensional trait in compulsive buying research, but recent factor analyses suggest that impulsivity consists of multiple components that are probably best treated as independent pr...

Doing business in the virtual environment, trust is considered as an essential condition for the willingness of consumers to make a transaction with Internet seller. Many earlier empirical studies explored that website characteristic (web design, web quality, e-vendor reputation and etc.) is also considered as a significant factor affecting consumers’ trust and their decision to make a purchasi...

We establish two previously undocumented patterns in the purchase selections of individual investors and confirm a related pattern. These patterns hinge on investors’ previous experience with a stock. We demonstrate that investors prefer to: (1) repurchase stocks they previously sold for a gain rather than stocks they previously sold for a loss, (2) repurchase stocks that have lost value subseq...

Packaging attributes are considered to have an influence on consumer purchase decisions for food and, as a consequence, also on its consumption. To improve the current minimal understanding of these influences for fresh produce, a survey instrument in the form of an online questionnaire has been developed and launched in the US. The first part of the questionnaire covers consumers' preferences ...

Lot-sizing and capacity planning are important supply chain decisions, and competition and cooperation affect the performance of these decisions. In this paper, we look into the dynamic lot sizing and resource competition problem of an industry consisting of multiple firms. A capacity competition model combining the complexity of time-varying demand with cost functions and economies os scale ar...