he adjusted monetary base is an index that measures the effects on a central bank’s balance sheet of its open market operations, discount window lending, unsterilized foreign exchange market intervention, and changes in statutory reserve requirements. Such an index is important because the long-run path of a monetary economy’s price level is primarily determined by the path of the central bank’...

Cloud Computing as a service-on-demand architecture has grown in importance over the previous few years. One driver of its growth is the ever-increasing amount of data that is supposed to outpace the growth of storage capacity. The usage of cloud technology enables organizations to manage their data with low operational expenses. However, the benefits of cloud computing come along with challeng...

This paper introduces an alternative to the lobbying literature’s standard assumption that “money buys policies”. Our model – in which influence-seeking requires both money to “buy access” and managerial time to “utilize access” — offers three significant benefits. First, it counters criticism that the “money-buys-policies” assumption is at odds with reality. Second, its much stronger lobbying ...

Physical currency (bills and coins) is being phased out as an important means of exchange both in developed and developing countries. Transactions are increasingly done by debit card, computer, and mobile phone. This technologically driven process opens up some very useful possibilities, among these new and – for society – beneficial roles for the Central Bank. The paper assumes a scenario wher...

The success of open source software like Apache or Linux not only attracts practitioners of IS to look more thoroughly on the development processes of these communities but also attracts researchers to take a closer look on how these communities work. At first glance open source software development is seemingly chaotic and anarchistic (Kuwabara, 2000). However, successful open source software ...

Why do both software developers and firms contribute to the production process of Open Source Software (OSS) despite not receiving direct monetary rewards for it? This papers extends results of the economic literature by modelling the OSS production process as an application contest to a ”qualified network”. The winners receive reputation and high investments. Investors searching for highly tal...

The paper discusses the concept of energy, its transformation, and transmission. Any physical object, event, word, sound, thought or even money is seen as a bundle of energy. This is a fictional story suggesting direction of technological/scientific development in the future.

We study admission control mechanisms for wireless access networks where (i) each user has a minimum service requirement, (ii) the capacity of the access network is limited, (iii) the access point is not allowed to use monetary mechanisms to guarantee that users do not lie when disclosing their minimum service requirements, and (iv) the access point wants to admit as many users as possible. To ...

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This paper provides a critical review of the demand for money estimation. In doing so, first we explain the main effective factors on the demand for money on the light of monetarists, which those are: transaction demand for money and opportunity cost of holding money. Then I have done a short report about the existing studies on the demand for money in the Iranian economy and have a special att...