A crucial question at the center of corporate governance theories and of the literature on social networks alike is the sense of empower of prestige, or influence on the actors of a social network. This paper approaches the possibility of measuring this influence by detecting key individuals who...

This paper proposes a model in which control variations induce an increase in the uncertainty of the system. The aim of our paper is to provide a stochastic theoretical model that can be used to explain under which uncertainty conditions monetary policy rules should be less or more aggressive,...

This article analyses the possibility of firms learning collusive solutions in a Cournot quantity game. Starting from the results of Vallée and Yildizoglu (2009) and of Alos-Ferrer (2004), we study the role of random experimenting, social learning (imitation), and (updated) memory in helping...

We present the basic mechanisms of Genetic Algorithms and some significant applications of these algorithms in economics. The article also provides a representative reference list on this topic.

This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more collusive that the Cournot equilibrium (CE). We start from the results of Vallée and Yıldızoğlu (J Econ Behav Organ 72:670–690, <CitationRef CitationID="CR11">2009</CitationRef>) and of Alós-Ferrer (Int J Ind Organ...</citationref>

Consider a country with two regions that have developed differently so that their current levels of energy efficiency differ. Each region's production involves the emission of pollutants, on which a regulator might impose restrictions. The restrictions can be related to pollution standards that...

We use two stage optimal control techniques to solve some adoption problems under embodied technical change. We first solve a benchmark problem without learning behavior. At the date of switching, the consumption level is shown to drop, as the relative price of capital goes down (obsolescence)....

Abstract The introduction of information and communication technologies in firms over recent decades has engendered a process of internal workplace reorganization in order to maximize performance. Using a two-stage optimal control technique, this paper provides analytical solutions for the...