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Does IO Economics Really Make the Case for Investments in IT: Comment on West and Courtney
Authors:Ira Horowitz
Abstract:West and Courtney [18] rely on industrial organization economics in general, and the economics of uncertainty in particular, for insights into the benefits of overcoming information constraints through information systems (IS) and improved information technologies (IT). This Comment argues that the IS researcher who looks to the economics of uncertainty to make a case for improved IT will only find support from a selective reading of a constantly expanding literature whose aims and inferences are easily misunderstood.
Keywords:Decision Analysis  Economic Analysis  Management Information Systems  Risk and Uncertainty
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