We analyze current P2P credit systems in the light of modern economic theories, devoting particular attention to currency based ones, and argue their unsuitability to the characteristics of P2P networks. We then propose a robust, efficiently scalable barter system with short transactions and wealth storage, classically considered the two most important features of currency based economies.

One of the topics after two decades of applying import substitution policy in Iran manufacturing sector is the importance of industrial export expansion and foreign relations. The main impetus to this policy transfer is the market expansion and potential gains of exploiting the economies of scale and technical upgrades. Based on this argument this research estimates the efficient scale and gain...

The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural projection map is smooth. We define regular and critical economies, and regular and critical prices, and we...

Introduction....................................................................................................................................................................... 2 Recent Experiences with Consolidation ...................................................................................................................... 4 Consolidation and the Costs of Delivering Government Ser...

Following on from the work of Goldstein and Gronberg, it is argued that under certain conditions, internal economies of scope form the bases for two types of agglomeration economy. These differ from two more familiar types, which are based on internal and external economies of scale. A further two types of agglomeration economy are shown to derive from different forms of external economy. The c...