Price and Niche Wars in a Free-Market Economy of Software Agents

1998 ◽  
Vol 4 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Jeffrey O. Kephart ◽  
James E. Hanson ◽  
Jakka Sairamesh
Keyword(s):  
Market Economy ◽  
Free Market ◽  
Software Agents ◽  
Information Filtering ◽  
Dynamical Behavior ◽  
Free Market Economy ◽  
Information Goods ◽  
Goods And Services ◽  
The Future ◽  
The Right

One scenario of the future of computation populates the Internet with vast numbers of software agents providing, trading, and using a rich variety of information goods and services in an open, free-market economy. An essential task in such an economy is the retailing or brokering of information: gathering it from the right producers and distributing it to the right consumers. This article investigates one crucial aspect of brokers' dynamical behavior, their price-setting mechanisms, in the context of a simple information-filtering economy. We consider only the simplest cases in which a broker sets its price and product parameters based solely on the system's current state, without explicit prediction of the future. Analytical and numerical results show that the system's dynamical behavior in such “myopic” cases is generally an unending cycle of disastrous competitive “wars” in price/product space. These in turn are directly attributable to the existence of multiple peaks in the brokers' profitability landscapes, a feature whose generality is likely to extend far beyond our model.

scholarly journals Crime of Manipulation on Prices

2015 ◽  
Author(s):  
Çetin Arslan ◽  
Didar Özdemir
Keyword(s):  
Market Economy ◽  
Criminal Law ◽  
Free Market ◽  
Supply And Demand ◽  
Penal Code ◽  
The Other ◽  
Free Market Economy ◽  
Optimum Conditions ◽  
Goods And Services ◽  
Contractual Obligation

In a regular free market economy, the prices of goods and services occur at the point where the quantities of supply and demand get up with one another. On the other hand, it can be in question the distortion of this equilibration by various purposes and practices. In this case, optimal goods and services cannot be received under optimum conditions. As a conclusion of “ultima ratio” principle in the criminal law, every illegal conduct in this context does not constitute a crime but some fraudulent ones are imposed a sanction. The crimes of “fraud” in articles 157-158, “fraudulent bankruptcy” in article 161, “bid rigging” in article 235, “rigging during the discharge of contractual obligation” in article 236 and “manipulation on prices” in article 237 of Turkish Penal Code are some of the examples which can be given in this context. In this study, “crime of manipulation on prices” which is not dwelled on adequately in the doctrine is examined by featuring the controversial points.

The Welfare State

2020 ◽  
pp. 139-172
Author(s):  
Kevin Vallier
Keyword(s):  
Welfare State ◽  
Market Economy ◽  
Free Market ◽  
Well Being ◽  
Economic Justice ◽  
Economic Security ◽  
Free Market Economy ◽  
Redistributive Policies ◽  
The Right ◽  
The Welfare State

The market economy plays a central role in establishing trust for the right reasons. However, a completely free-market economy cannot be justified to nonlibertarians. Most people will endorse some regulations on market activity, and redistributive policies are necessary to improve well-being and deliver economic justice for all. For this reason, some institutions of the welfare state can be publicly justified. We will also see that welfare state measures meant to guarantee economic security have trust-generating properties in the real world, in part because they help spread economic prosperity and economic security to all. So certain aspects of the welfare state should promote trust for the right reasons.

Determinanty wewnętrzne polityki zagranicznej Ukrainy pod rządami Wołodymyra Zełenskiego

2019 ◽  
Vol 17 (1) ◽  
pp. 123-141
Author(s):  
Tomasz Stępniewski
Keyword(s):  
Market Economy ◽  
Rule Of Law ◽  
Political System ◽  
Free Market ◽  
Stable State ◽  
Free Market Economy ◽  
The Rule Of Law ◽  
The People ◽  
Internal Politics ◽  
Research Questions

The present paper discusses the following research questions: to what extent did errors made by the previous presidents of Ukraine result in the country’s failure to introduce systemic reforms (e.g. combating corruption, the development of a foundation for a stable state under the rule of law and free-market economy)?; can it be ventured that the lack of radical reforms along with errors in the internal politics of Ukraine under Petro Poroshenko resulted in the president’s failure?; will the strong vote of confidence given to Volodymyr Zelensky and the Servant of the People party exact systemic reforms in Ukraine?; or will Volodymyr Zelensky merely become an element of the oligarchic political system in Ukraine?

KEGAGALAN PRIVATISASI BUMN DI ERA REZIM ORDE BARU DALAM PERSPEKTIF EKONOMI POLITIK

Wacana Publik ◽  
2019 ◽  
Vol 12 (02) ◽  
Author(s):  
Syamsul Ma'arif
Keyword(s):  
Market Economy ◽  
Free Market ◽  
Dominant Role ◽  
The State ◽  
Early Years ◽  
New Order ◽  
Free Market Economy ◽  
Economic Sectors ◽  
Role Of The State

After had being carried out nationalization and hostility against west countries, the New Order regime made important decision to change Indonesia economic direction from etatism system to free market economy. A set of policies were taken in order private sector could play major role in economic. However, when another economic sectors were reformed substantially, effords to reform the State Owned Enterprises had failed. The State Owned Enterprise, in fact, remained to play dominant role like early years of guided democracy era. Role of the State Owned Enterprises was more and more powerfull). The main problem of reforms finally lied on reality that vested interest of bureaucrats (civil or military) was so large that could’nt been overcome. 

scholarly journals Związek wolnego rynku z dyktaturą polityczną: przejściowy czy trwały? Przykład Chin

2018 ◽  
Vol 46 ◽  
Author(s):  
Aniela Dylus
Keyword(s):  
Market Economy ◽  
Free Market ◽  
Political Freedom ◽  
Political Life ◽  
Paradigm Change ◽  
Free Market Economy ◽  
The Enlightenment ◽  
Liberal Economy ◽  
Democratic Systems ◽  
Economy System

Aniela Dylus, Związek wolnego rynku z dyktaturą polityczną: przejściowy czy trwały? Przykład Chin [The relation between free market economy and political dictatorship – is it of temporary or permanent nature? The example of China] edited by W. Banach, M.A. Michalski, J. Sójka, „Człowiek i Społeczeństwo” vol. XLVI: Między Chinami a Zachodem. Pytanie o źródła chińskiego sukcesu gospodarczego [Between China and the West. An inquiry into the sources of the Chinese economic miracle], Poznań 2018, pp. 103–119, Adam Mickiewicz University. Faculty of Social Sciences Press. ISSN 0239-3271.The relation between free market economy and democracy has been assumed as a paradigm in the western culture since the Enlightenment. However, this paradigm seems to be violated by markets that flourish under the political dictatorship. Are these markets the exceptions to the rule or maybe their scale does not indicate the necessity of paradigm change? Or maybe we are wrong to assume that capitalism flourish mainly in democratic systems? Is it possible that the relation between communist political dictatorship and liberal economy system is only of temporary nature and people that have economical freedom will demand sooner or later their political freedom? To answer these questions, (1) the paradigm of relationship between free market, its prosperity and democracy and (2) the arguments supporting this relationship have been discussed. Referring to Samuel Huntington’s theory, (3) it has been reminded that many factors, not only economical ones, decide about democratization of political life and some exceptions to this rule have been mentioned. (4) The example of contemporary China is one of the most spectacular example. The short characteristic of (5) its economic condition, (6) its economic system and political dictatorship has been presented and then the attempts have been made to give the arguments either for (7) temporary or (8) permanent relationship between free market and political dictatorship in China. Although the idea of democracy, the rule of law and human rights seems not to be the only alternative base of economical market system, it appears to be prevalent and the only one in a longer period.

Selected Aspects of Slovac Republic Territorial Development Visions

2016 ◽  
Vol 820 ◽  
pp. 15-20
Author(s):  
Jarmila Husenicova ◽  
Zuzana Dohnanska
Keyword(s):  
Information Systems ◽  
Market Economy ◽  
Free Market ◽  
Urban Spaces ◽  
Free Market Economy ◽  
Territorial Development ◽  
Land Rent ◽  
New Methods ◽  
Urbanization Development

Paper deals with urbanization development of Slovakia regarding the rate and degree of urbanization, chances of urban spaces use of cities surroundings as consider to land rent, approximation of territorial development legislation to the free market economy conditions, regional visions creations new methods and inevitable need of territorial information systems deepening and automation.

The Legal Framework of Capital Movements and Current Payments in Palestine and its Compatibility with International Law

2009 ◽  
Vol 23 (2) ◽  
pp. 105-137
Author(s):  
Samer Fares
Keyword(s):  
International Law ◽  
Market Economy ◽  
Legal System ◽  
Free Market ◽  
Legal Framework ◽  
International Standards ◽  
Free Market Economy ◽  
Palestinian Authority ◽  
Capital Movements ◽  
Palestinian Economy

AbstractSince its inauguration in 1994, the Palestinian Authority (PA) has taken responsibility over Palestinian economy and finance. The PA lifted all restrictions on the movement of capital and current payments. Although this has moved Palestinian economy from a heavily controlled economy to a market-based style, the liberalization process was not built on sound legal bases and thus created a legal vacuum. The PA has been working ever since to confirm the Palestinian free-market economy with the introduction of a new well-developed legal system consistent with international standards and norms. Therefore, the objectives of this article are to analyze the Palestinian liberalization process and its compatibility with international law obligations.

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