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We examine the non-emergence of a potential new market category. In the late 1990s the entrepreneurial firms that attempted to sell groceries online attracted significant resources, made meaningful te...
In this qualitative study, I examine the factors that influence the re-emergence of market demand for a legacy technology in a mature institutional field. I extend previous work related to field emerg...
I examine the processes and mechanisms whereby market demand for a "dying" technology re-emerges at a later date. In 1983, fourteen years after the introduction of the first quartz watch, mechanical w...
This paper studies the emergence of wealthy people in the farming area of Lao PDR through an analysis of their livelihood strategies. Barbara Grandin’s wealth ranking is used to define the criteria of...
An article is presented that reports on the U.S. Federal Reserve and compares economic planning by Federal Reserve Chairman Ben Bernanke and economist Milton Friedman. The article describes Bernanke a...
We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a lea...
We introduce a stochastic model to explain a double power-law distribution which exhibits two different Paretian behaviors in the upper and the lower tail and widely exists in social and economic syst...
Collective phenomena with universal properties have been observed in many complex systems with a large number of components. Here we present a microscopic model of the emergence of scaling behavior i...
We reformulate the traditional AS-AD growth model, with a Taylor policy rule replacing the conventional LM-curve. The essential features of the model are gradually adjusting wages and prices, perfect ...
We introduce a simple model for addressing the controversy in the study of financial systems, sometimes taken as brownian-like processes and other as critical systems with fluctuations of arbitrary m...
This paper establishes a non-stochastic analogue of the celebrated result by Dubins and Schwarz about reduction of continuous martingales to Brownian motion via time change. We consider an idealized ...
This paper offers a new and robust model of the emergence and persistence of cooperation. In the model, interactions are anonymous, the pop ulation is well- mixed, and the evolutionary process selects...
We investigate the problem of wealth distribution from the viewpoint of asset exchange. Robust nature of Pareto’s law across economies, ideologies and nations suggests that this could be an outcome of...
Ecuador’s first multinational enterprise, the Ecuadorian Corporation,was founded in London on April 19, 1913, by members of the same syndicate of North American and British capitalists who financed an...
Standard micro-economics concentrate on the description of markets but is seldom interested in production. Several economists discussed the concept of a firm, as opposed to an open labour market wher...

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