This paper considers firms’ incentives to invest in local and flexible resources when demand is uncertain and correlated. I find that market power of the monopolist providing flexible resources leads to underinvestment in the flexible resource and overinvestment in the local resource. Moreover, investment responds to demand correlation differently under monopoly and social optimum. This implies...

Proponents of the so-called New Economy claim that it entails a structural change of the economy. Such a change, in turn, would require the central bank to rethink its monetary policy to the extent that traditional relationships between inflation and economic growth are no longer valid. But such a rethinking presupposes that prospective advances in information technology and other factors assoc...

In recent years, sharing economy has been growing rapidly. Meanwhile, understanding why people participate in sharing economy emerges as a rising concern. Given that research on sharing economy is scarce in the information systems literature, this paper aims to enrich the theoretical development in this area by testing different dimensions of convenience and risk that may influence people’s par...

During the past 30 years, the U.S. economy, along with the economies of other industrialized countries, has experienced several noticeable trends: an economic slowdown, a tremendous increase in the amount of information technology investment, and a increasing flow of workers from production to information sectors. With slow economic growth and fast IT capital accumulation, the so-called “inform...

In the rapidly evolving world of the New Economy, there is an explosion of opportunities. New players are appearing on the scene and new forms of cooperation are continuously experimented. In this frame, one of the major problems is represented by the difficulty of establishing a partnership among different players (who may not know each other before), making them sharing a common understanding...

In this article we position user-driven innovation vis-a-vis participatory design and Scandinavian systems In this article we position user-driven innovation vis-a-vis participatory design and Scandinavian systems design by identifying the defining characteristics of user-drive as the relationship between power over interaction, and learning in interaction. A case of design of feedback on elect...

Economics has for a long time been regarded as a creation for the perfect world. In reality, many have argued, various forms of social barriers such as hierarchies have been created in commercial, corporate and institution structures to defy the frictionless legend of the perfect economic theories. The recent rise of the Internet, and commercial activities therewith, have, with no doubt, make i...

The article deals with the problems of ensuring protection information in digital economy, identifies security, analyzes structure