Lawyers, judges, scholars, and clients all agree on one thing about contracts: they are complex. But what does this actually mean? What is contractual complexity and where does it come from? Despite widespread agreement that contracts are complex, the literature on contracts has yet to...

This paper analyzes prominence in a homogeneous product market where two firms simultaneously choose both prices and price complexity levels. Market-wide complexity results in consumer confusion. Confused consumers are more likely to buy from the prominent firm. In equilibrium, there is...

Every financial crisis triggers some regulatory and supervisory changes related to the ensuing threats. These regulations usually address specific types of risks and reduce them but do not protect the entire system from another crisis. The aim of this study was to develop a conceptual framework...

Today's complex, dynamic, interconnected world presents the field of education ("Education 4.0") with significant challenges in developing competencies for reasoning for complexity. This article analyzes complex thinking as a macro-competency with sub-competencies of critical, systemic,...

The EU fiscal framework has gradually morphed into a regional regime complex through various reforms of the preventive and corrective arms of the Stability and Growth Pact. A regime complex encourages actors to arbitrage between partially overlapping, parallel and nested rules. By drawing on...

The organization of complex projects relies more than that of simpler ones on institutions. Neo-institutional theory, not only the most popular branch of institutional theory, but also of organization theory more generally, has for decades emphasized the role of institutions, internal as well as...

We present an exponentially convergent semi-implicit meshless algorithm for the solution of Navier-Stokes equations in complex domains. The algorithm discretizes partial derivatives at scattered points using radial basis functions (RBF) as interpolants. Higher-order polynomials are appended to...

Complex systems derive sophisticated behavioural dynamics by connecting individual component dynamics via a complex network. The resilience of complex systems is a critical ability to regain desirable behaviour after perturbations. In the past years our understanding of large-scale networked...