Titlebook: Increasing Returns and Economic Efficiency; Yew-Kwang Ng Book 2009 Palgrave Macmillan, a division of Macmillan Publishers Limited 2009 con

Dealing

Yew-Kwang Ngng links, that is, interactions arising from increasing trade. Various interesting collective motions are expected to emerge from strong economic interactions in a global economy under trade liberalization. Among the various economic collective motions, economic crises are our most intriguing proble

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Siang Ng, with an impressive collection of the knowledge and expertise of leading researchers from all over the world. The book mainly covers both finitary methods of statistical equilibrium and data-driven analysis by econophysics...The late Professor Masanao Aoki of UCLA, who passed away at the end of Jul

venous-leak

Yew-Kwang Ngh to explain it to one that asks, I know not.” There seem to be fairly well-developed, intuitive ideas about what constitutes a complex system, but attempts to axiomatize and formalize this sense of the complex all leave a vague, uneasy feeling of basic incompleteness, and a sense of failure to gras

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e Shannon began to talk of information theory (by which he meant a probabilistic analysis of the deleterious effects of propagating signals through channels; cf. Shannon and Weaver, 1949), the concept has been relentlessly analyzed and reanalyzed. The time and effort expended on these analyses must

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旧式步枪

Division of Labour: Increasing Returns at the Economy Level,entral trade-off is between the economies of specialization and the required higher transaction costs. The resulting higher role of entrepreneurship and importance of organizational (in contrast to allocational) efficiency of the network of division of labour are also discussed. Some welfare economi

边缘带来墨水

The Smith Dilemma and Its Resolution,ncreasing returns and the Smith theorem on the facilitation of the economies of specialization (which gives rise to increasing returns) by the extent of the market. This chapter argues that, despite the prevalence of increasing returns, Adam Smith was largely right on the efficiency of the invisible