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09: Economics behind Societal and Industrial Transformation through IS

Track Description


Information systems have been a driver for economic growth around the world. IT companies developed new information systems to survive in the market, and traditional companies invested in information system and engineers running the systems, in order to enhance their productivity. Governments, in the belief that their investments make their markets more attractive for foreign investments, supplied IS infrastructure (e.g., Internet backbone) and promoted research and development of new IS and organizations using the IS.In this context, economic studies have provided academy, industry and the government with the rationality of embedding new information systems in the industry and the society. A firm uses economic analysis tools for supporting their decision of adopting new technologies, setting pricing schemes, and managing its installed systems. Regulation and political instruments of a government relies on the economic analysis of the industry, market potentials, and the response of the market on policies.Now, the use of information systems is changing. IS are becoming ubiquitous, enabling people, companies and public organizations to create values whenever wanted. Consumers utilize information systems like utilities. It is now used in the same way as we used electricity at the beginning of 20th century. Consumers create values by themselves whether for profit or none for profit. In this situation, IS are not the object of investments for only productivity growth anymore but a part of media for academic activity, normal business, and everyday life.Therefore, academy, industry and government require economic studies, in order to understand the industrial and societal transformation through information systems. In this era, questions are raised on the motivation of the behaviour of agents using the information systems and how values are created on them and shared. Moreover, economics is requested to investigate how information systems combine industries to create new markets (e.g., healthcare services) and to investigate what market structures evolve due to this process.

We invite empirical and theoretical research on these changes and the emerging economic issues of information systems. The submitted papers are expected to be an original contribution to academic and pragmatic areas that create, adopt, or use information technology.

Types of Contributions

Topics of Interest:

  • Evolution into new markets through IT
  • Role of IS in new industries (e.g., healthcare, new media, IT services, and gaming)
  • Socio-economic factors on social and industrial transformation through IS
  • Incentives for transforming an industry, an economy and a society
  • Economic incentives for forming network structures between industry stakeholders
  • Market structure of the IT industry
  • IT governance and management implications of IS enabled societal and industrial transformation
  • Economics of Clouds, systems, and IT services
  • Federation among IS services
  • Users’ behaviour and their motivation for using IS
  • Economics of prosumers
  • Role of institutions in industrial and societal change through IS
  • Changes in the cost structure through IS

Track Chairs

Kibae Kim <primary contact>

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Kibae Kim <primary contact>

Kibae Kim received the B.Sc. degree from KAIST, South Korea in 2003 and his PhD from Seoul National University, South Korea in 2010. He was a postdoc at the Technische Universität Braunschweig in Germany. He is currently a BK Assistant Professor at Technology Management, Economics and Policy Program in Seoul National University, South Korea. His research centres on techno-economics aspects of information systems, and services and knowledge evolving in the information systems.

Jörn Altmann

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Jörn Altmann

Jörn Altmann is Professor for Technology Management, Economics, and Policy at the College of Engineering of Seoul National University. Prior to this, he taught at the University of California at Berkeley, worked as a Senior Scientist at Hewlett-Packard Labs, and has been a postdoc at EECS and ICSI of UC Berkeley. During that time he worked on international research projects about pricing of network services. Dr. Altmann received his B.Sc. degree, his M.Sc. degree (1993), and his Ph.D. (1996) from the University of Erlangen-Nürnberg, Germany. Dr. Altmann's current research centers on the economics of Internet services and Internet infrastructures, integrating economic models into distributed systems. In particular, he puts special focus on capacity planning, network topologies, and resource allocation. On these topics of research, he has publications in conferences and journals, serves on editorial bodies of journals (Electronic Markets, Electronic Commerce Research Journal), is involved in many conference program committees on cloud computing, and has been an invited speaker to several conferences. Currently, he chairs the International Conference on Economics on Grids, Clouds, Systems, and Services, GECON. He also served on several European, US American (National Science Foundation), and other national panels for evaluating research proposals on next generation networks and emerging technologies.

Steven De Haes

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Steven De Haes

Steven De Haes, PhD, is Associate Professor Information Systems Management at the University of Antwerp – Faculty of Applied Economics and at the Antwerp Management School. He is actively engaged in teaching and applied research in the domains of IT Governance & Management, IT Strategy & Alignment, IT Value & Performance Management, IT Assurance & Audit and Information Risk & Security. He is alumnus of the International Teacher’s Program (Kellogg School of Management) and teaches at bachelor, master and executive level. He also acts as Academic Director for the Executive Master of IT Governance & Assurance, the Executive Master of Enterprise IT Architecture and the Master in Management. His research has been published in international peer-reviewed journals such as MISQ Executive, and Journal of Information Systems. He is co-editor-in-chief of the International Journal on IT/Business Alignment and Governance and co-authored and/or edited several books, such as "Implementing Information Technology Governance: Models, Practices and Cases". He acts as Academic Director of the IT Alignment and Governance (ITAG) Research Institute. He also acts as speaker and facilitator in academic and professional conferences and coaches organizations in their IT governance, alignment and assurance efforts. He is involved in the development of the international IT governance framework COBIT as researcher and co-author.

Stefan Kirn

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Stefan Kirn

Prof. Dr. Stefan Kirn holds a chair in Information Systems at University of Hohenheim at Stuttgart/Germany. He obtained master degrees in management science (Munich, 1980) and in computer science (Hagen, 1989). He did his Ph.D. in Distributed AI in 1991, and his habilitation in Organizational Theories for Multi-Agent Systems in 1995. He has been the initiator and coordinator of a 6 years German Research Foundation priority program on business applications of agent technology (2000-2006). From this research program originated the agent technology testbed Agent. Hospital, which has been successfully presented to an international audience the first time at Barcelona in February 2003. The most important results of this program have been published as a Springer book entitled ”Multiagent Engineering Handbok”. From 2001-2003 he has been Chief Scientist of IWT GmbH/Erfurt, a research company owned by the Association of the Industry of Thuringia/Germany. Since 2005, he is CEO of the Hohenheim Research Center on Innovation and Services. In 2004, he founded Jesselle GmbH, an agent technology based university spinoff. Since 2004, he initiated a series of national and European projects on industrial applications of multiagent technology, e.g. Akogrimo, AutoBauLog, BREIN, MIGRATE!, ProBauDok, etc. He has published more than hundred peer reviewed international publications, is on the editorial board of several journals in information systems, and acts as a consultant to governments, industry, and professional organizations.

Associate Editors

  • Prof. Rainer Alt, Universität Leipzig, Germany
  • Prof. Henning Baars, University of Stuttgart
  • Dr. Fernando Beltran, University of Auckland
  • Prof. Egon Berghout, University of Groningen
  • Prof. Youngbong Chang, Sungkyunkwan University
  • Prof. Youngsang Cho, Yonsei University
  • Dr. Netsanet Haile, Seoul National University
  • Prof. Thomas Hess, LMU Munich
  • Dr. Philip Huysmans, University of Antwerp, Belgium
  • Dr. Seunghyun Kim, Science and Technology Policy Institute
  • Dr. Jörg Leukel, University of Hohenheim
  • Prof. Yung-Ming Li, National Chiao Tung University
  • Prof. Dan Ma, Singapore University
  • Prof. Ashraf Bany Mohammed, University of Ha'il
  • Prof. Jan Muntermann, University of Göttingen
  • Prof. Adam Saunders, University of British Columbia
  • Prof. Byungjoon Yoo, Seoul National University

Additional Information

Excellence oft he Track Organization

The geographic region and the background of the members participating in this track is various and complementary with each other. Among the four chairs, two chairs are professors in a university locating at South Korea in Asia. The remaining two professors are from University of Hohenheim, Germany and Antwerp University, Belgium. They are actively in contact with European researchers. The background of the four chairs is various. One of the Asian professors is graduated from computer science and interested in business model and economic analysis of information systems including software service platforms. The other one approaches information systems from an interdisciplinary perspective with respect to physics, social science and economics. The Belgian professor works at the Management School with an academic background on management science. The professor from Germany conducts academic activities on innovation with information systems on the basis of his background, which is interdisciplinary between management science and computer science.

We organize the associate editors with considering the diversity of region and background. Among the fifteen associate editors, five professors work at a university located in Europe, eight in Asia, and two in America and Oceania. In addition to this, their academic backgrounds are overall about economics and/or management science of information systems, but their approaches are diverse. Their methodology and perspectives involve economic models including game theory, the perspective of business model, and numerical analysis of evolutionary models. With these members in diverse regions, we expect to attract researchers on all continents. Due to the variety of their academic background, we expect to be able to evaluate the submitted papers thoroughly with the required expertise.

Conferences and Journals Covering the Proposed Track

Economics is continuously a hot issue in the area of information systems and is expected to continuously attract the researchers interested in this topic. ECIS started to involve an independent track on economics of IS since 2013. Before that time, ECIS covered the topic in relevant tracks including “Adoption and Diffusion” and “IT for Global Welfare and Sustainability” in 2012 for example. Other conferences on information systems also cover the economic topics in an independent track. The International Conference on Information Systems (ICIS) has involved a track titled with “Economics and Value of IS” since 2010 at least. The Hawaii International Conference on System Sciences calls for papers on economics in a variety of minitracks, for example, minitrack “Knowledge Economics” of the track “Knowledge Systems” in HICSS-46.

Furthermore, there are conferences whose topics of interest are specialized in economics of IS. The International Conference on Wirtschaftinformatik (WI), meaning economics of information in German, opens the tracks on the subtopics of economics including “Innovation and Business Model” and “Sustainability and Security” in WI2013. The International Conference on Economics of Grids, Clouds, Systems and Services (GECON) has dealt with overall economic topics of information systems. Addition to this, a conference on management science considers the value of information systems. For example, the 74th Annual Meeting of the Academy of Management held in August 2014 includes a track titled with “Organizational Communication and Information Systems.

Interdisciplinary journals on information systems in high rank are interested in economics of information systems. The topics of Information Systems Research, a journal on information systems in interdisciplinary perspectives, is the relation between information systems, and organizations and people using the systems, and the approach to these topics in this journal includes economics. Information systems is one of the interesting topics of Management Science, a journal which calls for research on overall topics in management science in a variety of perspective including economics, mathematics and sociology. Decision Support Systems, a journal interested in interdisciplinary research on information systems, recently is calling for a special issue titled with “Market Transformation to an IT-Enabled Services-Oriented Economy”.

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