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This paper studies the pricing of software development outsourcing. Two pricing techniques – time and material and fixed price – are described and the economic conditions for ...
This paper extends earlier work in the use of ‘Agent-based Computational Economics’ (ACE) for modelling the development of co-operation between firms. Inter-firm relations hav...
Trust is a sine qua non for trade. According to transaction cost economics, a contract always offers some opportunity to defect. In the case of asymmetric product information, wher...
Gert Jan Hofstede, Catholijn M. Jonker, Tim Verwaa...