Abstract: Ever since the separation of the loan capital from the commercial capital and the industrial capital, the virtual economy has been generated and expanded gradually along with the economic development. The virtual economy is a double-edged sword: on one hand, it promotes the development...

This paper examines the short-run and long-run neutrality of money using methodology suggested by King and Watson (1997) on quarterly data from South Korea and Taiwan (King and Watson (1997), Testing Long-Run Neutrality, Federal Reserve Bank of Richmond Economic Quarterly, 83(3), 69-103). A body...

In this paper, infinitely repeated prisoner's dilemma game as a benchmark being used to build a new model as the payoff matrix of an evolutionary game dynamics, with the comparative study of game performances between the behavior- pattern “tit for tat” and the behavior-pattern “always...

In this paper, in order to study the strategic interactions between “cooperation”, “defection” and “altruistic punishment”, a mutation-selection dynamics, with the Prisoner's Dilemma as the background, has been established on an embedded Markov chain, proved the following...

In this paper, in order to study the strategic interactions between “cooperation”, “defection” and “altruistic punishment”, a mutation-selection dynamic, with the Prisoner's Dilemma as the background, has been established on an embedded Markov chain, proved the following conclusions:...

Because the interests of the manager and the organization are not necessarily coincident, the principal-agent problem arises in the process of recruitment. The standard of employment and the motive in the manager's mind may influence the result of recruitment. The present paper analyzes a game...