There is an agreement that the existence of social conventions is relevant for the individual economic behavior, but it still is necessary to explain both, the origin of conventions and the process of formation of conventions. In this paper we adopt the path-depended interaction, decentralized...

Fundamentals of two different numerical approaches to the fluid flow modelling are presented. The smoothed particle hydrodynamics (SPH) is a meshless approach, while the finite volume (FV) method is defined on a grid. Within SPH, the computational grid is replaced by a finite set of...

Production sharing contracts are one of the most popular forms of contractual system used in petroleum agreements around the world, but the manner in which the fiscal terms and contract parameters impact system measures is complicated and not well understood. The purpose of this paper is to...

The stochastic dynamics of inclusions in a randomly fluctuating biomembrane is simulated. These inclusions can represent the embedded proteins and the external particles arriving at a cell membrane. The energetics of the biomembrane is modelled via the Canham–Helfrich Hamiltonian. The...