A critical issue in the area of corporate governance and law concerns the differences in legal regimes that arise as a result of culture. Kazakhstan in the 1990s achieved independence from the former Soviet Union and was forced in quick order to put in place a series of laws that allowed a...

Chaotic behavior of prices can emerge as a robust result from a very simple and standard price adjustment process. Consider the dynamics of prices adjusting according to supply and demand in economies with increasing returns to scale. Increasing returns in production implies the existence of a...

"The Butterfly Effect In Competitive Markets illustrates through logical market behavior analysis how chaos in the market drives tactics among the market competitors that causes shifts in consumer preferences and guides the buying behavior. Such shifts in consumer behavior are often radical and...