Linguistic meaning is a convention. This article investigates how such conventions can arise for color categories in populations of simulated "agents". The method uses concepts from evolutionary game theory: A language game where agents assign names to color patches and is played repeatedly by...

OPTCON is an algorithm for the optimal control of nonlinear stochastic systems which is particularly applicable to econometric models. It delivers approximate numerical solutions to optimum control problems with a quadratic objective function for nonlinear econometric models with additive and...

Reconfiguration of farming systems to reach various productive and environmental objectives while meeting farm and policy constraints is complicated by the large array of farm components involved, and the multitude of interrelations among these components. This hampers the evaluation of...

Supply chain management is an important management paradigm as it helps to develop mechanisms, align their objectives and coordinate their activities to optimise system performance. Enterprises today have realised the importance of supply chain management to achieve operational efficiency and...

This short communication examines the convergence of the Tier 1 capital ratio in the banking sector across the EMU. The study applies the Phillips-Sul convergence and clustering algorithm for 251 European banks over annual periods from 1990 to 2010. The null hypothesis of full convergence is...