Abstract This fundamentals article discusses efficient machine economies in which non-human agents can autonomously exchange information and value. We first identify criteria for achieving Pareto efficiency such by drawing on the Coase Theorem. then translate these economic to technical requirements before developing a framework that characterizes four types of economies. discuss real-life exam...

The study of entrepreneurship often focuses on the activities entrepreneur. While is undertaken by individuals, degree to which individuals are entrepreneurial, and directions in their entrepreneurial actions take, result institutional environment. Some economies more than others. After discussing factors that encourage entrepreneurship, ways economic models depict economy discussed, pointing t...

In economies with asymmetric information agents have private information on economically relevant variables: on individual states (economies with private information), on the action taken (moral hazard), on their type (adverse selection). We analyze competitive equilibria of these economies in the tradition of Prescott and Townsend ([9]). It is known that economies with adverse selection behave...

Taiwan economy has always been export-oriented, creating tightly-linked industrial chains between cross-straits companies tightly. Understanding the influence of transforming industrial patterns of major economic entities would be critical for long-term cooperative small economic entities (countries or regions) in the periphery. The author of this paper has thus analyzed the influences and ...

Household economies of scale arise when households with multiple members share public goods, making larger households better o¤ at lower per capita expenditures. Research into household scale economies has not considered how household economies of scale have changed over time. I use American household expenditure surveys, covering 1888 to 1935, to produce the …rst comparable historical estimate...

This paper aims to evaluate the impact of several indices of market structure including entry to barrier, economies of scale and concentration degree on 140 active industries using the digit. Accordingly, we apply three methods including cost disadvantages ratio ( ), Herfindahl–Hirschman concentration index ( ) and Comanor and Willson criterion in order to assess the economies of scale and usin...