This essay attempts to build a simple theoretical model of optimization to decipher the effect of digitalization of a part of the entire production structure which we call here trading or transaction or marketing. In the basic model we use traditional Cobb - Douglas production function to argue...

This short note tries to argue that distance is not necessarily harmful for trade. It is shown that there may be an increase in the production and volume of trade if time zones of the trading nations are non-overlapping. This implies a positive effect of distance on the volume of trade. It is...

Dogs are a valued part of millions of households worldwide. They also serve many functions in human societies from herding livestock to detecting drugs, explosives, or illegal wildlife to providing physical assistance or emotional support to those in need. Yet, in terms of behaviour and...