For the scientific understanding and correct adjustment of domestic and foreign economic operations, both academic research and policy-making require the analysis of the relationship between the proportion principle of labor distribution, market mechanism and state economic adjustment. The...

This contribution advances a critical examination of Smith’s thought in theological perspective, with a point of departure in a recent interpretation of the "invisible hand." We show that the concept of general providence has displaced traditional understandings of special providence in the...

How can we overcome the existing political, economic, and ecological crises that humanity faces? With the notion of the commons, Lukas Peter argues that this form of social organization can provide answers to the shortcomings of centralized states and open and competitive markets. By building on...

Governments in low-income countries are increasingly integrating off-grid electricity provision into national electrification strategies, creating novel, decentralized markets for electricity. This paper studies a highly decentralized product that plays an important role in energy access: pay as...

Qualitätsungewißheit erfaßt das Problem asymmetrischer Information bei Vertrauenseigenschaften und geht über Qualitätsunsicherheit hinaus, die nur bei Erfahrungseigenschaften auftritt. Informationsökonomische Modelle können Qualitätsungewißheit bisher nur unzureichend analysieren. Zur...

We consider a clearing problem in peer-to-peer energy markets, where prosumers can trade energy among each other and with the main grid to meet their energy demands. By using a game- theoretic formulation and exploiting operator-theoretic methods for generalized Nash equilibrium seeking, we...