Some policymakers argue that consumers need legal protection of theirprivacy before they adopt interactive technologies. Others contend thatprivacy regulations impose costs that deter adoption. We contribute tothis growing debate by quantifying the effect of state privacyregulation on the...

This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...

We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same locations also tend to choose the same foreign locations. Thus informational cascades generates herd behaviour. Herd behaviour is compared with the network externalities explanation...