Presented here is the economical model with one commodity that is produced by two independent business entities. Investigated is the mutual impact of entities on each other, and formally described is the dynamics of competitive behavior. The research techniques and results are based on the...

Presented here is the mathematical model with one commodity binding the commodity's demand, production, consumption, and savings values, and describing the economic system's reaction after increase of commodity's demand on market. It is also shown the formula for optimal behavior of an interest...

Presented here is the mathematical model of business fluctuations, which can be observed in the Economy described by the Input-Output Model of Wassily Leontief. These fluctuations are obtained as a solution of the corresponding matrix differential equations, which interrelate commodities'...

There are shown the ordinary differential equations describing the fluctuations of equities, derivatives, and second derivatives on the stock market.

Presented here a mathematical model with one commodity that describes the mutual relationship between two sets of differential equations generating respectively the commodity's production and price fluctuations.

Here I depict the dynamics behind the monetary theory and define the differential equations describing the driving forces.

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we...