PART I: KEYNOTE SPEECHES Inframarginal Versus Marginal Analysis of Networking Decisions and E-Commerce; Y-K.Ng A Review of the Literature of Inframarginal Analysis of Network of Division of Labour; X.Yang PART II: E-COMMERCE E-Commerce, Transaction Cost and the Network of Division of Labour: A Business Perspective; H.Shi & H.Mathysen An Equilibrium Model of Hierarchy; X.Yang A General Equilibrium Model with Impersonal Networking Decisions and Bundling Sale; K.Li Legislation, Electronic Commerce and the Common Law; A.Field E-Commerce in China: Problems and Potential; J.Wong &W.Chee Kong Networking Decisions and Bundling Sale; Ke Li PART III: IMPERSONAL NETWORKING AND ENDOGENOUS SPECIALIZATION: THEORY AND APPLICATIONS Toward a Theory of Impersonal Networking Decisions and Endogenous Structure of the Division of Labour; G-Z.Sun, X.Yang & S.Yao Identification of Equilibrium Structures of Endogenous Specialization: A Unified Approach Exemplified; G-Z.Sun Transaction Efficiency, Division of Labour and Foreign Direct Investment: A Unified Model; D.Yang The Division of Labour and the Allocation of Time; M.Lio PART IV: TRANSACTION COSTS AND THE DIVISION OF LABOUR MEASUREMENT AND EMPIRICAL ANALYSIS An Indirect Approach to the Identification and Measurement of Transaction Costs; G.Rivers An Empirical Study on the Division of Labour and Economic Structural Changes; M.Lio & M.Liu Endogenous Transaction Costs and Division of Labour; X.Yang & Y.Zhao