This paper looks at factors that influenced national investment in information technology during the tumultuous time period 1993 through 2002. Whereas spending from 1993-1997 was influenced by uncertainty avoidance and individualism, after 1998 these factors no longer influenced IT investment. Similar to studies of IT usage in the previous decade (1985-1995) we find that the structure of the ec...

This paper examines the impact of RFID investment announcements on the market value of the firms and explores industry effects of the positive abnormal returns to firms making the announcements. Drawing upon the efficient market theory, market signaling hypothesis, and prior empirical studies, we employ event study methodology to analyze RFID investment announcements over a six-year period from...

In this paper, we develop two models for the valuation of information technology (IT) investment projects using the real options approach. The IT investment projects discussed in this paper are categorized into development and acquisition projects, depending upon the time it takes to start benefiting from the IT asset once the decision to invest has been taken. The models account for uncertaint...

This paper analyzes optimal and non-optimal regulation of environmental externalities with investment in technology and uncertainty about the severity of environmental damages. Investment creates the potential for technology spillovers so that optimal regulation must address externalities from both emissions and investment. Despite these multiple externalities and uncertainty, we show that an o...

This paper reassesses the burden of the current U.S. international tax regime and reconsiders well-known welfare benchmarks used to guide international tax reform. Reinventing corporate tax policy requires that international considerations be placed front and center in the debate on how to tax corporate income. A simple framework for assessing current rules suggests a U.S. tax burden on foreign...

223 Food Irradiation is a process in which food products are exposed to ionizing radiation in form of gamma radiation, X-rays and electron beams in controlled amount to destroy pathogenic microorganisms in order to increase its safety and shelf life (WHO, 1991). Irradiation as a food preservation technology has been studied in various parts of the world for more than five decades. Acceptance an...