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dominate the phenomenon of knowledge diffusion in the process that is called ‘interactive learning’. We examine how knowledge … spreads in different networks in which agents interact by word of mouth. We define a regular network, a randomly generated … network and a small world network structured as graphs consisting of agents (vertices) and connections (edges), situated on a …
Persistent link: https://www.econbiz.de/10005125585
set and in the buyers’ reservation prices are established in a simple network model of a market. …
Persistent link: https://www.econbiz.de/10005135061
A network consisting of suppliers, agents, and distributors is considered. The flow of orders and deliveries between … the different elements are determined. A monotonic game for the customers in the network is described. …
Persistent link: https://www.econbiz.de/10005062356
Theoretical Computer Science classically aimed to develop a mathematical understanding of capabilities and limits of traditional computing architecture (Boole, von Neuman, Turing, Church, Godel), investigating in computability, complexity theory and algorithmics. Now it seems more natural to...
Persistent link: https://www.econbiz.de/10005407520
(either a monopoly or a regulator). In network systems where competition has flourished, decentralized solutions work better … examples show how decentralized mechanisms may develop throughout network utilities. …
Persistent link: https://www.econbiz.de/10005412463
logically interconnected propositions. I investigate decision problems, in which the agenda is a network, composed of atomic … in standard propositional logic. By extending the logic, I prove that, for any network, decision rules satisfying the …
Persistent link: https://www.econbiz.de/10005556978
The present paper analyzes a network formation problem, mainly based on the framework presented in Bala and Goyal (2000 … the sum of the number of edges it includes. We obtain as a result that the only Nash structure is the circle network … same time it minimizes the costs of network formation. …
Persistent link: https://www.econbiz.de/10005561825
Journals moderate knowledge activity in economics. The activity of publishing article in professional journal forms … significant part of knowledge output. Output of economics articles has been growing over the time. We examine an important … question: Is there any case of institutional or location concentration in knowledge production? This paper analyses …
Persistent link: https://www.econbiz.de/10005062679
satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that … firms endogenously form a number of distinguishable industries as accumulated knowledge induces them to agglomerate in the … technology space. Knowledge accumulation in existing industries reduces production costs, but, as the diminishing returns from …
Persistent link: https://www.econbiz.de/10005407691
This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...
Persistent link: https://www.econbiz.de/10005407919