As China transforms itself towards a leading destination for global IT outsourcing, major Chinese IT vendors increasingly face the challenge of effectively servicing three major client bases with different institutional, cultural, and economic backgrounds: Asia especially Japan, the West, and...

We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies. Specifically, we look at two aspects: (1) competition among different currencies, and (2) competition among exchanges...

Given technological advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Facebook and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While...