Market structures are a foundational concept in economics, providing a framework for understanding how markets operate, the level of competition they exhibit, and their impact on consumers and businesses. Each type of market structure, from perfect competition to monopoly, has distinct characteristics an...
Schumpeter defined creative destruction as the “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new
3d. The maximum value of \(C_\text{after} - C_\text{before}\) occurs in the month prior to Silk Road’s shutdown, indicating the change in the ecosystem’s structure. Interestingly, we find the situation is reverted in the last four years, when the ecosystem is strongly dominated by...
As the graph below shows, theRussell 2000was up almost 6% and theDowrose 3.5% on the day. And this is all before an expected Santa Claus rally later in December. The question is, are investors getting carried away in mass euphoria, or will the indexes hit heights evenTom Leecan’t com...
In subject area: Economics, Econometrics and Finance A financial market can be considered as any marketplace where buyers and sellers engage in the trade of assets such as equities, debt instruments (e.g., bonds), currencies, and derivatives. ...
According to the Biological Market Theory derived from the Market Theory applied in economics, the exchange rate of commodities depends on the supply/demand law, and when a certain commodity becomes common, its perceived value decreases. Consistent with the supply/demand law, the daily grooming pref...
(Longer time series than that of the DJIA exist in economics as well as in meteorology. A graph charting Dutch government bond yields has been compiled by Rabobank and goes back to the 1580s. Time series in weather data started in the early 1700s when accurate temperature observations ...
particulatly well-established in the area of machine learning. Solutions to the paradigm of faithfully estimating the "price of information" has been provided by the advances in the area of machine learning prediction markets. These markets prove superior to previous solution to the same problem by...
(2021), which requires previous knowledge about the structure of the dt model and does not provide explanations in natural language. 5. Conclusions Social media anonymity, fast-spreading, and low-effort information-sharing have raised credibility concerns about users regarded as experts. Since the ...
MARKET design & structure (Economics)INTERNAL marketingELECTRONIC data processingAUTOMATIONThis article presents a visual method for representing the complex labor market internal structure from the perspective of similar occupations based on shared skills; and a prototype tool for interactin...