Custom, Legislation and Market Order

Fault-lines in community treatment order legislation.

This article discusses the major tension points in the legislation that authorises involuntary outpatient treatment for mental disorder in six British Commonwealth jurisdictions. Particular attention is paid to the role of competence (or capacity) principles in the ruling legal criteria, to the precise powers of community treatment conferred, and to the potential impact of the legislation on cl...

Does Equal Pay Legislation Reduce Labour Market Inequality?

Does Equal Pay Legislation Reduce Labour Market Inequality? This paper considers a labour market model of monopsonistic competition with taste-based discrimination against minority workers to study the effect of equal pay legislation on labour market inequality. When the taste for discrimination is small or competition is weak, the policy removes job segregation and the wage gap completely. How...

IBIZA: E-market Infrastructure for Custom-built Information Products

The merger of electronic commerce, intelligent agent and distributed computing technologies over TCP/IP-based platforms enables the creation of electronic markets in new types of products featuring both human and software agents as actors. One such example is a market in custom-built information products. These are information products that have been constructed to meet speci®c requirements pro...

Order driven market pdf

Power Laws of Wealth, Market Order Volumes and Market Returns

Using the Generalised Lotka Volterra (GLV) model adapted to deal with muti agent systems we can investigate economic systems from a general viewpoint and obtain generic features common to most economies. Assuming only weak generic assumptions on capital dynamics, we are able to obtain very specific predictions for the distribution of social wealth. First, we show that in a ’fair’ market, the we...