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Collective Action And Market Formation: An Integrative Framework, Brandon Lee, Jeroen Struben, Christopher B. Bingham 2018 McGill University

Collective Action And Market Formation: An Integrative Framework, Brandon Lee, Jeroen Struben, Christopher B. Bingham

Brandon Lee


While extant research places collective action at the heart of market formation, it provides little understanding about when and to what extent collective action is important. In this paper, we develop a novel theoretical framework detailing what collective action problems and solutions arise in market formation and under what conditions. Our framework centers on the development of market infrastructure with three key factors that influence the nature and extent of collective action problems: perceived returns to contributions, excludability, and contribution substitutability. We apply our framework to diverse market formation contexts and derive a fresh set of attendant propositions. Finally, we ...


Five Cities Where 'Tesign' Is Creating Happiness, 2017 Vocational Training Council

Five Cities Where 'Tesign' Is Creating Happiness

SIGNED: The Magazine of The Hong Kong Design Institute

Around the world, cities are implementing policies that create happiness through the application of good "tesign"


Happiness: A 'Tesign' For Life, 2017 Vocational Training Council

Happiness: A 'Tesign' For Life

SIGNED: The Magazine of The Hong Kong Design Institute

Happiness can be hard to come by. Since Aristotle walked the streets of ancient Athens preaching the good life, the search for happiness has fed the imagination and driven innovation. Can our contemporary world of high-tech connectivity provide the satisfaction we have always sought? "Tesign" -- the combination of technology and design -- is here to help.


Performance Analysis Of Security Aspects In Uml Models, Dorin Bogdan Petriu, Dorina C. Petriu, C Murray Woodside, Jing Xiu, Toqeer A. Israr, Geri Georg, Robert B. France, James M. Bieman, Siv Holde Houmb, Jan Jurjens 2017 Carleton University

Performance Analysis Of Security Aspects In Uml Models, Dorin Bogdan Petriu, Dorina C. Petriu, C Murray Woodside, Jing Xiu, Toqeer A. Israr, Geri Georg, Robert B. France, James M. Bieman, Siv Holde Houmb, Jan Jurjens

Toqeer A Israr

The focus of the paper is on the analysis of performance effects of different security solutions modeled as aspects in UML. Aspect oriented modeling (AOM) allows software designers to isolate and separately address solutions for crosscutting concerns, which are defined as distinct UML aspect models, then are composed with the primary UML model of the system under development. For performance analysis we use techniques developed previously in the PUMA project, which take as input UML models annotated with the standard UML Profile for Schedulability, Performance and Time (SPT), and transform them first into Core Scenario Model (CSM) and then into ...


Performance Modeling Of Distributed Collaboration Services, Toqeer A. Israr, Gregor V. Bochmann 2017 Eastern Illinois University

Performance Modeling Of Distributed Collaboration Services, Toqeer A. Israr, Gregor V. Bochmann

Toqeer A Israr

This paper deals with performance modeling of distributed applications, service compositions and workflow systems. From the functional perspective, the distributed application is modeled as a collaboration involving several roles, and its behavior is defined in terms of a composition from several sub-collaborations using the standard sequencing operators found in UML Activity Diagrams and similar formalisms. For the performance perspective, each collaboration is characterized by a certain number of independent input events and dependent output events, and the performance of the collaboration is defined by the minimum delays that apply for a given output event in respect to each input event ...


Performance By Unified Model Analysis (Puma), Murray Woodside, Dorina C. Petriu, Dorin B. Petriu, Hui Shen, Toqeer A. Israr, Jose Merseguer 2017 Carleton University

Performance By Unified Model Analysis (Puma), Murray Woodside, Dorina C. Petriu, Dorin B. Petriu, Hui Shen, Toqeer A. Israr, Jose Merseguer

Toqeer A Israr

Evaluation of non-functional properties of a design (such as performance, dependability, security, etc.) can be enabled by design annotations specific to the property to be evaluated. Performance properties, for instance, can be annotated on UML designs by using the "UML Profile for Schedulability, Performance and Time (SPT)". However the communication between the design description in UML and the tools used for non-functional properties evaluation requires support, particularly for performance where there are many alternative performance analysis tools that might be applied. This paper describes a tool architecture called PUMA, which provides a unified interface between different kinds of design information ...


Stochastic Performance Analysis Of Distributed Activities, Toqeer A. Israr 2017 Eastern Illinois University

Stochastic Performance Analysis Of Distributed Activities, Toqeer A. Israr

Toqeer A Israr

This paper analyzes stochastic performance of a distributed global activity, composed of sub-activities sequenced serially, probabilistically, or concurrently. We provide general formulas with which we calculate the per-formance of a composite activity based on the performance of the constituent sub-activities and the control structure. To do this, we model each sub-activity as a Partially Ordered Specification (POS), where each sub-activity is character-ized by independent input events, dependent output events and the stochastic minimum delays between these events. This technique allows two or more sub-activities to be combined hierarchically. Proofs of correctness for these formu-las are given and a simple example ...


Performance Modeling Of Distributed Collaboration Services With Independent Inputs/Outputs, Toqeer A. Israr, Gregor V. Bochmann 2017 Eastern Illinois University

Performance Modeling Of Distributed Collaboration Services With Independent Inputs/Outputs, Toqeer A. Israr, Gregor V. Bochmann

Toqeer A Israr

This paper deals with modeling and performance analysis of dis-tributed applications, service compositions and workflow systems. From the functional perspective, the distributed application is modeled as an activity in-volving several roles, where behavior is defined in terms of compositions from several sub-activities using the standard sequencing operators found in UML Activity Diagrams. Each activity is characterized by a certain number of input and output events, and the performance of the activity is defined by the mini-mum delays that apply for a given output event in respect to each input event. We use a partial order to model these events, whose ...


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Regulating Robo Advice Across The Financial Services Industry, Tom Baker, Benedict G. C. Dellaert 2017 University of Pennsylvania Law School

Regulating Robo Advice Across The Financial Services Industry, Tom Baker, Benedict G. C. Dellaert

Faculty Scholarship

Automated financial product advisors – “robo advisors” – are emerging across the financial services industry, helping consumers choose investments, banking products, and insurance policies. Robo advisors have the potential to lower the cost and increase the quality and transparency of financial advice for consumers. But they also pose significant new challenges for regulators who are accustomed to assessing human intermediaries. A well-designed robo advisor will be honest and competent, and it will recommend only suitable products. Because humans design and implement robo advisors, however, honesty, competence, and suitability cannot simply be assumed. Moreover, robo advisors pose new scale risks that are different ...


Antitrust And The Design Of Production, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Antitrust And The Design Of Production, Herbert J. Hovenkamp

Faculty Scholarship

Both economics and antitrust policy have traditionally distinguished “production” from “distribution.” The former is concerned with how products are designed and built, the latter with how they are placed into the hands of consumers. Nothing in the language of the antitrust laws suggests much concern with production as such. Although courts do not view it that way, even per se unlawful naked price fixing among rivals is a restraint on distribution rather than production. Naked price fixing assumes a product that has already been designed and built, and the important cartel decision is what should be each firm’s output ...


Intellectual Property And Competition, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Intellectual Property And Competition, Herbert J. Hovenkamp

Faculty Scholarship

A legal system that relies on private property rights to promote economic development must consider that profits can come from two different sources. First, both competition under constant technology and innovation promote economic growth by granting many of the returns to the successful developer. Competition and innovation both increase output, whether measured by quantity or quality. Second, however, profits can come from practices that reduce output, in some cases by reducing quantity, or in others by reducing innovation.

IP rights and competition policy were traditionally regarded as in conflict. IP rights create monopoly, which was thought to be inimical to ...


Market Analysis, Management Consulting, And Miscommunication, Brian W. Stout 2017 Brigham Young University

Market Analysis, Management Consulting, And Miscommunication, Brian W. Stout

Marriott Student Review

This article attempts to inform the audience of the importance of market analysis in management consulting. The article states that consulting firms can utilize the power of market analysis as they commit to understand technology, collaborate with researchers to conduct action research, and align market strategies within the consulting firm. This article concludes that by doing these steps consulting firms will lead in their market.


What If Bots Collide And Collude In Setting Prices?, Singapore Management University 2017 Singapore Management University

What If Bots Collide And Collude In Setting Prices?, Singapore Management University

Perspectives@SMU

Conduct driven by algorithms is a challenge for competition law


Transaction Cost Optimization For Online Portfolio Selection, Bin LI, Jialei WANG, Dingjiang HUANG, Steven C. H. HOI 2017 Singapore Management University

Transaction Cost Optimization For Online Portfolio Selection, Bin Li, Jialei Wang, Dingjiang Huang, Steven C. H. Hoi

Research Collection School Of Information Systems

To improve existing online portfolio selection strategies in the case of non-zero transaction costs, we propose a novel framework named Transaction Cost Optimization (TCO). The TCO framework incorporates the L1 norm of the difference between two consecutive allocations together with the principles of maximizing expected log return. We further solve the formulation via convex optimization, and obtain two closed-form portfolio update formulas, which follow the same principle as Proportional Portfolio Rebalancing (PPR) in industry. We empirically evaluate the proposed framework using four commonly used data-sets. Although these data-sets do not consider delisted firms and are thus subject to survival bias ...


The Importance Of Search Engine Optimisation, Singapore Management University 2017 Singapore Management University

The Importance Of Search Engine Optimisation, Singapore Management University

Perspectives@SMU

Good SEO is a business necessity in the Digital Age but not everyone needs in-house SEO expertise; sometimes it makes more sense to hire an agency


The Truck Seat That Breathe, Sajjad Khaksari 2017 Politecnico di Torino

The Truck Seat That Breathe, Sajjad Khaksari

SAJJAD KHAKSARI

On 10 April 2017, Mario Moretti Polegato participated the Top Experiences event which organized by Polytechnic of Turin. The following brief innovative idea has submitted personally to the Dr Mario Moretti by the author. Meanwhile, the author desires to share openly the comparable idea with readers those work to improve the job condition of Heavy Truck Drivers (HTD) concerning the Occupational Health and Safety Assessment Series (OHSAS). The history of innovation taught a valuable lesson in which the usage of innovative product a bit later when it survives the fluid phase and enters the transition phase of Innovation’s Dynamic ...


How Much Should We Teach The Enigma Machine?, Jeffrey A. Livermore 2017 University of Michigan-Flint

How Much Should We Teach The Enigma Machine?, Jeffrey A. Livermore

Journal of Cybersecurity Education, Research and Practice

Developing courses and programs in Information Assurance can feel like trying to force ten pounds of flour into a five pound sack. We want to pack more into our courses than we have time to teach. As new technologies develop, we often find it necessary to drop old technologies out of the curriculum and our students miss out on the historical impacts the old technologies had. The discipline is so broad and deep that we have to carefully choose what concepts and technologies we study in depth, what we mention in passing, and what we leave out. Leaving out important ...


Cyber Security For Everyone: An Introductory Course For Non-Technical Majors, Marc J. Dupuis 2017 University of Washington Bothell

Cyber Security For Everyone: An Introductory Course For Non-Technical Majors, Marc J. Dupuis

Journal of Cybersecurity Education, Research and Practice

In this paper, we describe the need for and development of an introductory cyber security course. The course was designed for non-technical majors with the goal of increasing cyber security hygiene for an important segment of the population—college undergraduates. While the need for degree programs that focus on educating and training individuals for occupations in the ever-growing cyber security field is critically important, the need for improved cyber security hygiene from the average everyday person is of equal importance. This paper discusses the approach used, curriculum developed, results from two runs of the course, and frames the overall structure ...


Pedagogical Resources For Industrial Control Systems Security: Design, Implementation, Conveyance, And Evaluation, Guillermo A. Francia III, Greg Randall, Jay Snellen 2017 Jacksonville State University

Pedagogical Resources For Industrial Control Systems Security: Design, Implementation, Conveyance, And Evaluation, Guillermo A. Francia Iii, Greg Randall, Jay Snellen

Journal of Cybersecurity Education, Research and Practice

Industrial Control Systems (ICS), which are pervasive in our nation’s critical infrastructures, are becoming increasingly at risk and vulnerable to internal and external threats. It is imperative that the future workforce be educated and trained on the security of such systems. However, it is equally important that careful and deliberate considerations must be exercised in designing and implementing the educational and training activities that pertain to ICS. To that end, we designed and implemented pedagogical materials and tools to facilitate the teaching and learning processes in the area of ICS security. In this paper, we describe those resources, the ...


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