This chapter explores the state of the emerging practice of designing markets by the use of agent-based modeling, with special reference to electricity markets and computerized (on-line) markets, perhaps including real-life electronic agents as well as human traders. The paper first reviews the...

This paper applies a novel approach to decompose measures of natural capital wealth. It looks ‘under the hood’ of wealth accounts to analyse whether changes in the value of natural capital are driven by price, volume, cost, or time horizon effects. We apply the approach to global World Bank...

We propose an equilibrium model for firm size distribution in an industry with a constrained essential input. The model applies when the population of firms is small and homogeneous and the supply of the necessary input factor is perfectly inelastic. We argue that although the Gibrat assumption...

The purpose of this paper is to explain the process of redesign that the JOURNAL has recently undergone, and to discuss likely changes in the submission and editing process which may soon affect authors, editors, and reviewers. Written by one of the editors of the JOURNAL in his capacity as...