This paper derives the Nash-equilibrium degrees of commitment to a partnership where lack of full commitment fuels suspicion and increases potential losses for partners. JEL classification: C72, D01, D80 Corresponding Author: Amnon Levy, Economics Discipline, School of Economics and Information Systems, University of Wollongong, Wollongong, NSW 2522, Australia. Tel: 61-2-42213658 Fax: 61-2-4221...

introduction: the role of the computer in information management has gradually increased the motivation for investment in computer systems for medical records. admission, coding, statistics, and filling units' software have important roles in health information management. however, their adaption and implementation needs the support of users. the goal of the present research is to determine use...

conclusions according to the average of wqi index, quality of water was good in station number one, medium in station number two, and bad in the rest of stations. according to the wilcox index, qualities of water in third station were medium and in the rest were good. results by using wqi, the best water quality was reported in station number one with the scalar quantity of 71.11 (water with be...

Evaluating the Economics of Solar PV Systems Solar energy has been expanding in the U.S. and globally recently, as have other renewable energy sources such as wind, hydro, and biomass, because they are clean and sustainable. Solar energy can easily be installed by individual consumers at a relatively small-scale and may be more profitable compared to electricity from grids under certain conditi...

This article explores the state of interplay between recent efforts to introduce complex systems methods into economics and the understanding of empirical phenomena. The empirical side of economic complexity may be divided into three general branches: historical studies, the identification of power and scaling laws, and analyses of social interactions. I argue that, while providing useful styli...

In this essay I argue that modern macroeconomic theory has fallen behind the practice of central banking. After briefly summarizing the current state of macro theory, I focus on what strikes me as the two most important developments in monetary policy in the last two decades – inflation targeting and dealing with financial crises. My analysis rejects the claims made by several authors to the ef...

consumer behavior is the most important issues in microeconomics. in neoclassical economics it is assumed that in order to reach the goals, human behavior is based on absolute rationality. while, simon criticizes the paradigm assumptions of neoclassic school and introduces the bounded rationality. since, because of uncertainty and lack of access to enough information, human faces with limited c...

One of the arguments for using information systems (IS) is the expectation to enhance decision quality and, thereby, to increase overall business value. Practical experiences as well as empirical evidence show that this expectation is not always fulfilled and explanations are manifold. The paper applies information economics and, especially, agency theory as explanatory framework for analyzing ...

In this paper, we use an information economics approach for analyzing information systems (IS) that are used by multiple decision makers (DM) for making inter-related decisions in a cooperative environment. A decision setting is considered where there may be a precedence relationship between actions, and where one DM's action may be constrained by others' actions. Moreover, an individual DM may...