What is the degree of sophistication that we have to put into the agents in agents based computer simulation models? Should we provide them with a "mind"? The answer ran...
Abstract--We investigate knowledge exchange among commercial organizations, the rationale behind it, and its effects on the market. Knowledge exchange is known to be beneficial for...
We consider Fisher and Arrow-Debreu markets under additively-separable, piecewise-linear, concave utility functions, and obtain the following results: ? For both market models, if...
The purpose of this paper is to investigate the distinctive characteristics of the competitive mechanism in the digital economy and information product markets. Specific propertie...