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To explore the efficacy of a corporate leniency program, a Markov process is constructed which models the stochastic formation and demise of cartels. Cartels are born when given the opportunity and market conditions are right, while cartels die because of internal collapse or they are caught and...
Persistent link: https://www.econbiz.de/10005265290
We explore the evolution of the structure and performance of a social network in a population of individuals who search for local optima in diverse and dynamic task environments. Individuals choose whether to innovate or imitate and, in the latter case, from whom to learn. The probabilities of...
Persistent link: https://www.econbiz.de/10005265306
Persistent link: https://www.econbiz.de/10005265309
In Chang and Harrington (2000a) a computational model of a multi-unit firm is developed in which unit managers continually search for better practices Search takes place over a rugged landscape defined over the space of unit practices There it is shown that a more centralized organization is...
Persistent link: https://www.econbiz.de/10005628986
In a multi-unit firm such as a retail chain or a multi-plant manufacturer we compare the business strategies developed by unit managers with the strategies that maximize corporate profit The setting is one in which units face different markets and where learning spillovers between two units are...
Persistent link: https://www.econbiz.de/10005629012
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Persistent link: https://www.econbiz.de/10005435030