Trust pervades the economic and societal interactions on which the Information Society is built. This paper applies economic analysis to issues of trust and identifies trust considerations affecting market structure, conduct and performance. The analysis highlights the impact of ISTs and the impact on a range of stakeholders.

Biological market theory has been used successfully to explain cooperative behavior in many animal species. Microbes also engage in cooperative behaviors, both with hosts and other microbes, that can be described in economic terms. However, a market approach is not traditionally used to analyze these interactions. Here, we extend the biological market framework to ask whether this theory is of ...

Repeated games are an important mathematical formalism to model and study long-term economic interactions between multiple self-interested parties (individuals or groups of individuals). They open attractive perspectives in modeling long-term multiagent interactions. This overview paper discusses the most important results that actually exist for repeated games. These results arise from both ec...

The combination of theoretical network approach with recently available abundant economic data leads to the development of novel analytic and computational tools for modeling and forecasting key economic indicators. The main idea of this study is to introduce a topological component into economic analysis, consistently taking into account higher-order interactions in the economic network. We pr...

In complex systems, many different parts interact in non-obvious ways. Traditional research focuses on a few or a single aspect of the problem so as to analyze it with the tools available. To get an insight of phenomena that emerge from complex interactions, we need instruments that can analyze complex interactions of many parts simultaneously. Here, a simulator modeling different type of econo...

As Joel Podolny and James Rauch point out in their introductory chapter, social networks are endemic to economic interactions. The rise of what one might refer to as “social economics” comes very much from the realization by economists that there are many economic interactions where the social context is not a second-order consideration, but is actually a primary driver of behaviors and outcome...

This study introduces space, transportation, and money into an economic growth model. Growth theory neglects the importance of transportation on economic growth and transportation economics fails to properly explain how changes in transportation conditions (such as technological improvement, infrastructure investment, and oil prices) affect long-term economic growth. By proposing a growth model...

Today, the role of government is considered so much precise regulations, foresight and initiative of the public sector in the economy can trigger market growth. But usually because the private sector activity is affected by interactions of the market and government, markets' development process is slow and governmental clubs have become a consumer of financial resources by their inefficient fun...