We analyze the strategic behavior of firms when demand is determined by a rule of thumb behavior of consumers. We assume consumer dynamics where individual consumers follow simple behavioral decision rules governed by imitation and habit as suggested in consumer research. On this basis, we...

Cooperation and coordination (C&C) are essential management activities employed within and across organisations and as part of inter-departmental and inter-organisational relationships such as: supply chains, strategic alliances, R&D collaborations, international development programs, investment...

We study the stability properties of organizations in partition function games, describing cooperative situations with externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected graph. Because of the presence of...

We provide a tractable concept that can be used to study the influence of the degree of farsightedness on network stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external deviations should be deterred. Second, from any network...

Top responsiveness is a concept which provides a model of progressive society in wihch each player pays more attention to the best aspect of each coalition, and is shown to be a sufficient conditaion for the existence of core stable coalition structures. In this paper, we propose a new concept,...

We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among heterogeneous agents. Unique to our approach is that occupational choices, job matching and organizational forms are determined simultaneously, so that the opportunity costs of...

We examine the role of cooperative preferences, beliefs, and punishments to uncover potential cross-societal differences in voluntary cooperation. Using one-shot public goods experiments in four comparable subject pools from the US and the UK (two similar Western societies) and Morocco and...

We introduce a new network centrality measure founded on the Gately value for cooperative games with transferable utilities. A directed network is interpreted as representing control or authority relations between players-constituting a hierarchical network. The power distribution embedded...

We analyze the behavior of producers who compete through price competition in a social environment from a sociological point of view. The standard model of Bertrand price competition is enriched with producers who follow a "Win Cooperate, Lose Defect" (WCLD) strategy. This strategy is a...