Economics of E-Commerce and Networking Decisions

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. - -

• 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 ofLabour 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