A replicator theory model of competition through imitation in the automobile market

Article Abstract:

A simple mathematical model is presented as a mechanism which could account for the convergence towards design standards in the automobile market. This is done by establishing an empirical relationship between the retail price of new cars and their distinguishing technical characteristics. The replicator dynamics model is used where the sale of a unit of a car model is perceived as the reproduction of its blueprint. The standards of design are seen to be the stimulant to this reproduction. The end product is the coexistence of similar car models.

Motor vehicles and car bodies, Automobiles, Automobile Manufacturing, Automobile industry, Market share, Industrial design, Bifurcation theory

---

Self-employment, pay systems, and the theory of the firm: an empirical analysis

Article Abstract:

The three distinct pay systems that include self-employment, salary pay, and hourly pay, have varying monitoring and reward structures. Self-employment is characterized by strong, output-based incentive pay and independence of action. The hourly pay system, on the other hand, needs monitoring to make certain that productive hours are generated. Meanwhile, in salary pay system, pay is upgraded to indicate belated and imperfect information on worker output.

Wage Determination Procedures, Compensation management, Wage payment systems, Labor costs

---

The new monetary economics and the theory of money

Article Abstract:

Research is presented demonstrating the untenability of the New Monetary Economics proposition, where money is a product of regulation. Received monetary theory is used to analyse the primary characteristics of the New Monetary Economics, with the tangible aspects of the means of payment found to be independent of the fundamental properties of a monetary economy.

Research, Money, Monetary policy, Quantity theory of money

Similar abstracts:

• Abstracts: Change, consolidation, and competition in health care markets. Moral hazard and risk spreading in partnerships
• Abstracts: A real theory of inflation and incentive anti-inflation plans. part 2 Real exchange rate fluctuations and the dynamics of retail trade industries on the U.S. - Canada border
• Abstracts: Risk reduction be diversification in the Nordic stock markets. Computationally convenient optimal intertemporal portfolios under linear constraints
• Abstracts: Infrastructure taxes, investment policy, and intermodal competition for the transportation industries. On the incidence of deferred taxes, intangibles and non-linearities in the relationship between TobinEs Q and ROI
• Abstracts: Costly verification of cost performance and the competition for incentive contracts. Information sharing in oligopoly: the truth-telling problem

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.