Index Terms
- A people-centered economy
Recommendations
User-centered design, activity-centered design, and goal-directed design: a review of three methods for designing web applications
SIGDOC '09: Proceedings of the 27th ACM international conference on Design of communicationWhen conducting research with users in order to design web applications, the practitioner has a variety of methods from which to choose. This paper examines three such methods'User-Centered Design (UCD), Goal-Directed Design (GDD), and Activity-Centered ...
Credit Risk in a Network Economy
We develop a structural model of credit risk in a network economy, where any firm can lend to any other firm, so that each firm is subject to counterparty risk either from direct borrowers or from remote firms in the network. This model takes into ...
Market Efficient Portfolios in a Systemic Economy
AbstractDiversification vs. Diversity – How is the Efficiency of Markets Affected?
Prices aggregate information that is dispersed in the economy; they thereby facilitate the allocation of scarce resources. Inefficiencies may arise from deviations of market ...
We study the ex ante minimization of market inefficiency, defined in terms of minimum deviation of market prices from fundamental values, from a centralized planner’s perspective. Prices are pressured from exogenous trading actions of leverage-targeting ...
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