The context of competition -- Game theory and gaming -- Measurement and modeling -- One-period markets -- Endogenizing the monetary system -- The economy : time, size and complexity -- Building theories of economic process -- Uncertainty and velocity -- Preamble -- Innovation and evolution :...

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...