Eric A. Walden

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This article reviews the growing body of research on electronic commerce from the perspective of economic analysis. It begins by constructing a new framework for understanding electronic commerce research, then identifies the range of applicable theory and current research in the context of the new conceptual model. It goes on to assess the state-of-the-art(More)
Let [(R ec , R uc), (R ev , R uv)] represent an ownership structure where R ec represents the client's excludability rights, R uc represents the client's usability rights, R ev represents the vendor's excludability rights, and R uv represents the vendor's usability rights. Because of the diagonal symmetry only the bottom left diagonal will be discussed in(More)
Research Article Eric A. Walden Rawls College of Business Administration Texas Tech University and Tepper School of Business Carnegie Mellon University eric.walden@ttu.edu Glenn J. Browne McIntire School of Commerce University of Virginia gbrowne@virginia.edu Technology adoption often occurs sequentially, so that later potential adopters can see the(More)
Proprietary standardization seeks to increase a firm’s market share (pie sharing). Open standardization seeks to increase the size of the market (pie expansion). In order to determine which of these creates more value for a firm involved in standardization, this paper investigates the market value of standardization initiatives, using an event study based(More)
This work offers a theoretical explanation of the electronic commerce stock market bubble of 1999-2000. We propose that the bubble existed because a lack of good information about the potential value of electronic commerce led investors to rely on one another’s private valuations of electronic commerce. Because each investor relied on other investors,(More)
Date Ticker FIRMCOUNT Risk Adjusted Return (γ) Change in Market Risk (β ́) Change in Idiosyncratic Risk (σ2 after – σ2 before) 2/20/1996 FDC 2 -0.006087476 0.02552937 6.32225E-05 5/7/1996 ISLI 2 0.0243426 -1.892630856 -0.002437866 5/7/1996 SUNW 2 -0.007177306 -1.025868233 -0.000912965 5/20/1996 NSCP 6 0.017395648 0.827543911 -0.000930735 5/20/1996 ORCL 6(More)
In this work, we attempt to show how operations researchers can effectively manage the production costs of computing services. The thesis of this paper is that an outsourcing firm, by virtue of the fact that it manages the IT function for multiple firms, is privileged to information not available to the focal firm. We derive the conditions under which this(More)