Technology Valuation Reflecting Option Value Among Technology Transaction Subjects

Interactive, Option-Value and Domino Network Effects in Technology Adoption

The network benefits of new technologies are often modeled as depending on the total number of users in a network. However, it is common in networks for only small subsets of network users to interact. Therefore for network benefits to depend on the total network size requires network benefits which are derived outside of actual interactions. One possibility is that network users place an optio...

Quantifying the Strategic Option Value of Technology Investments

We develop an integrated real options and industrial organization framework to quantify the strategic option value of technology investments. Strategic investments (e.g., R&D, capacity expansion or strategic acquisitions) are difficult to analyze based on standard approaches. Yet, it is these decisions that determine a firm’s competitive success in a changing technological and competitive lands...

Transaction Technology for Process Modeling

Transaction Technology for Process Modelling

Process Modelling (PM) is a software engineering discipline that aims at supporting the development of large and complex software systems. Therefore, PM focusses on study, de nition, enaction, and possibly improvement of software process models. Traditional transaction management (TM) protects data against unexpected system failures, con icts or inconsistencies. TM is also used in other areas, ...

Transaction costs, information technology and development

Purpose – The purpose of this paper is to examine the impact of transaction costs on economic welfare and development, and the role of information technology (IT) in reducing transaction costs. Design/methodology/approach – The paper extends the static model of Romer, in which transaction costs reduce welfare by reducing the equilibrium number of intermediate goods, and estimate the welfare los...