Click to increase image sizeClick to decrease image size Additional informationNotes on contributorsEric K. ClemonsEric K. Clemons is Professor of Operations and Information Management at The Wharton School of the University of Pennsylvania. His research and teaching interests include strategic information systems, information economics, the changes that information technology enables in the competitive balance between new entrants and established, previously dominant industry participants, and the impact of information technology on procurement and outsourcing. Industries offocus include international securities markets and financial services firms, consumer packaged goods retailing, telecommunications, and travel. He specializes in assessing the competitive implications of information technology, and in managing the risk of large-scale implementation efforts. Dr. Clemons is also Project Director for the Reginald H. Jones Center’s Sponsored Research Project on Information: Industry Structure and Competitive Strategy, area coordinator for Information: Strategy, Systems, and Economics, and senior fellow in the Wharton Financial Institutions Center.Dr. Clemons’s education includes an S.B. in physics from MIT and an M.S. and Ph.D. in operations research from Cornell University. He has twenty-four years experience on the faculties of Wharton, Cornell, and Harvard, and consulting experience in the private and public sectors both domestically and abroad. In his consulting practice, Dr. Clemons focuses on helping clients anticipate the fundamental impacts information technology will have on the structure of their industries and on the future strategies available to their firms. In addition to his more traditional consulting practice, he has added participation as a facilitator of strategic change, often employing scenario analysis.Dr. Clemons is currently a member of the editorial board of the Journal of Management Information Systems and the International Journal of Electronic Commerce. He has served on the Congressional Office of Technology Assessment study of securities markets and on the Quality of Markets Advisory Board of the London Stock Exchange.Bruce W. WeberBruce W. Weber is Associate Professor of Statistics and Computer Information Systems, and Director of the Stuart Subotnick Financial Services Center at the Zicklin School of Business, Baruch College, City University of New York. From 1992 to May 1999, Dr. Weber was a member of the faculty of the Stern School of Business, New York University, and a visiting professor in management science at the Graduate School of Business, Columbia University. He has an A.B. in applied mathematics from Harvard University, and an M.A. and Ph.D. in decision sciences from the Wharton School of the University of Pennsylvania. His research examines the economic impact of next-generation financial technologies and, in particular, securities market trading mechanisms. His work has been cited in the Financial Times, the Wall Street Journal, and the New York Times, and he has been an invited speaker at CFTC and SEC hearings on the regulation of electronic markets. He is the codeveloper with Robert Schwartz of the HeadTrader simulation on the Nasdaq web site: http://www.nasd.com/HeadTrader/ATG-main.htm