The institutionalized status of markets is undoubtedly due to their presumed ability to aggregate individual bids into a single unbiased estimate of value. While not denying this emergent property of market processes, we propose and test an alternative perspective that explains how market...

While the economic impact of, and the interest in, open source innovation and production has increased dramatically in recent years, there is still no widely accepted theory explaining its performance. We combine original fieldwork with agent-based simulation to propose that the performance of...

Individual and organizational actors enter into a large number of relationships that include benefiting others without ensuring the equality of reciprocal benefits. We suggest that actors have evolved mechanisms that guide them in the choice of exchange partners, even without conscious...

Measuring behavior requires research methods that can capture observed outcomes and expose underlying processes and mechanisms. In this chapter, we present a toolbox of instruments and techniques we designed experimental tasks to simulate decision environments and capture behavior. We deployed...

Sheen S. Levine, Trish Gorman, and Michael J. Prietula study how corporate performance is affected by peer-to-peer sharing, instances when people supplement their knowledge by interacting with others. Popular wisdom holds that such interaction benefits performance unequivocally, but the authors...

Some believe that people act in self-interest and have limited ability to cooperate, unless coerced by powers such as corporate supervisors or government officials. Others have challenged this view. An excellent opportunity to contrast these views is on the internet, which has enabled new venues...