This volume is a collection of selected papers using the framework of inframarginal analysis of the division of labour held at Monash University on 6-7 July 2001. This framework, pioneered mainly by Professor Xiaokai Yang, (with joint researches involving all the three editors and many of the authors), has been recommended by Professor James Buchanan (Nobel Laureate in Economics) as the most important analysis in economics in the world today.
The Economics of E-Commerce and Networking Decisions: Applications and Extensions of Inframarginal Analysis
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 of Labour 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