This paper is concerned with the organization of transactions of goods and services between consecutive stages of activity. A traditional theory of organization, transaction-cost economics, assumes that organizational form (market and hierarchy) is adjusted to the attributes of the transactions....

A computational approach towards economics potentially enriches economic science beyond increasing available mathematical techniques. Computational economics (CE) can foster a viable and rich institutional economics that encourages both mathematical rigor and historical relevance while avoiding...

This paper introduces a notion of learning as found in formal learning theory. This concept of learning enables us to investigate the idea that certain market institutions have the desirable property that they reduce the difficulty of adaptive learning, hence facilitating inductive reasoning. To...

We study the inverse power index problem for weighted voting games: the problem of finding a weighted voting game in which the power of the players is as close as possible to a certain target distribution. Our goal is to find algorithms that solve this problem exactly. Thereto, we study various...

In this paper we introduce the notion of themes as an additional investment dimension beyond asset classes, regions, sectors and styles, and we propose a framework to allocate to thematic investments at a strategic asset allocation level. The goal of thematic investments is to provide the means...