Economics of E-Commerce and Networking Decisions

ANDREW FIELD Lecturer, Department of Business Law and Taxation, Monash University, Australia KE LI Assistant Professor in Economics, St. Joseph's University, USA MONCHI LIO Assistant Professor, National Sun Yat-sen University MENG-CHUN LIU Research Fellow at Chung-Hua Institution for Economic Research, Taiwan HAYDEN MATHYSEN PhD candidate in the Department of Economics, Monash University, Australia GEORGE RIVERS Lecturer, Economics department at Monash University, Australia CHEE KONG WONG completed his Master's degree at Department of Economics, National University of Singapore JOHN WONG Research Director of the East Asian Institute at the National University of Singapore DEXIN YANG Associate Professor of Economics, Zhongnan University of Finance and Economics XIAOKAI YANG Professor of Economics, Monash University,Australia SHUNTIAN YAO Associate Professor in Economics, Nanyang Business School, Nanyang Technological University, Singapore YIMIN ZHAO is currently providing economic consulting services to multinationals in China and heading up the transfer pricing unit of KPMG Shanghai.

• 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