The purpose of this paper is to show that evolutionary stable market equilibrium is achievable through complete disintermediation of auctioneers if the option of bargaining-based supply chain contracting exists. The paper analyzes the evolutionary dynamics of a market that caters both the scopes...

We analyze the condition for instability and pattern formation induced by additive noise in spatially extended systems. The approach is based on consideration of higher moments which extract out nonlinearities of appropriate order. Our analysis reveals that cubic nonlinearity plays a crucial...

Irrigated agriculture in many areas of the world is currently being practiced from multiple water sources such as precipitation, canal, wetlands, ground aquifer, etc. This study highlights the use of high temporal remote sensing data [IRS-1D; Wide Field Sensor (WiFS), 188-m resolution] to assess...

This article provides empirical tests of the hypothesis of optimal cognitive distance , proposed by Nooteboom (1999, 2000), in two distinct empirical settings.Variety of cognition, needed for learning, has two dimensions: the number of agents with different cognition, and differences in...

This article provides empirical tests of the hypothesis of ‘optimal cognitive distance’, proposed by Nooteboom (1999, 2000), in two distinct empirical settings. Variety of cognition, needed for learning, has two dimensions: the number of agents with different cognition, and...