University of Salford A Greater Manchester University University of Salford A Greater Manchester University World Institute for Engineering and Technology Education Vilnius Gediminas Technical University Energy Security NATO Energy Center Security Centre of Excellence
The General Jonas Žemaitis The General Military Academy Jonas Žemaitis of Lithuania Military Academy of Lithuania
Ministry of National Defence Ministry Republic of Lithuania of National Defence Republic of Lithuania
journal of Security and Sustainability Issues www.lka.lt/index.php/lt/217049/ journal of Security and Sustainability Issues www.lka.lt/index.php/lt/217049/ 2011 1(1) ISSN 2029-7017/ISSN 2029-7025 online 2013 Volume 3(1): 5–10 http://dx.doi.org/10.9770/jssi.2013.3.1(1)
DEVELOPMENT FACETS: CHINA VERSUS US IN THE FIELD OF STANDARDIZATION OF INFORMATION COMMUNICATION
Liangyu Yu¹, Maggie Foley², Mohamad Sepehri³ ¹Shanghai Jiao Tong University, 800 Dongchuan Road, Shanghai, 200240, China ²,³Jacksonville University, 2800 University Blvd N, Jacksonville, FL 32211, USA E-mails: 1iso@sjtu.edu.cn; 2mfoley3@ju.edu; 3msepehr@ju.edu Received 27 February 2013; accepted 20 June 2013
Abstract. We study the strategy for the development of standard means of communicating information between businesses and governments. At this time, almost all of the funding and activity to develop and enhance a tool for such communication, which is named eXtensible Business Reporting Language (XBRL) is being done by and in the United States. We use China, who competes with the U.S. in the XBRL market, as an example to investigate if sharing the developmental effort by one, or more, additional countries would produce a more optimum result. Based on game theory, we demonstrate that China should increase investment in XBRL. The best achievable performance is when China and the U.S. almost split equally the whole XBRL market, leaving only a small portion to the “Followers”. (Followers are users that utilize XBRL,...