This paper proposes self-organization as a method to improve the efficiency and adaptability of bureaucracies and similar social systems. Bureaucracies are described as networks of agents, where the main design principle is to reduce local “friction” to increase local and global “satisfaction”. Following this principle, solutions are proposed for improving communication within bureaucracies, se...

We analyze the efficiency of markets with friction, particularly power markets. We model the market as a dynamic system with (dt; t ≥ 0) the demand process and (st; t ≥ 0) the supply process. Using stochastic differential equations to model the dynamics with friction, we investigate the efficiency of the market under an integrated expected undiscounted cost function solving the optimal control ...

This research has been conducted by the aim of analysis of the relation of inefficient Attitude and social undermining of the employees of football clubs in Kerman. The research method is descriptive-correlative. The statistical population of this research includes all employees of teenage, youth and adult employees of Kerman city in 2017 with the total number of 192 from which 153 replied to t...

How does nancial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within a two-country, generalequilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk a risk that introduces, not only a precautionary motive for saving, but also a wedge between the interest rat...

We consider the Savage-Hutter system consisting of two-dimensional depth-integrated shallow water equations for the incompressible fluid with the Coulomb-type friction term. Using the method of convex integration we show that the associated initial-value problem possesses infinitely many weak solutions for any finite-energy initial data. On the other hand, the problem enjoys the weak-strong uni...

I develop a general equilibrium model in which the quality of household financial decisions is endogenously determined by the incentives to exert effort in learning about financial opportunities. The model generates predictions for asset market participation and returns across households. Moreover, search for financial returns enables the model to generate a more skewed equilibrium wealth distr...

Examining two different changes in retail format, we show that consumers alter their purchase behavior when the retail context changes. In both settings, the change in purchasing behavior is consistent with the effect being driven by an interpersonal interaction between the consumer and the retail clerk. We therefore model the change in format as a “social friction” in which consumers may not p...

Science educators have generally agreed that understanding the atom concept is the basis of science education. However, the numerous research studies have shown that many students at all educational levels have difficulties understanding this concept. This study was developed under three headings. The first was to identify misconceptions that prospective teachers (PTs) had about atomic structur...