Regulating complex dynamics in firms and economic systems

Kopel, Michael; Westerhoff, Frank; Wieland, Cristian

doi:10.1016/j.chaos.2007.01.015

Cited by 2 publications

(2 citation statements)

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“…Applications of nonlinear dynamical systems models to firms and work group behaviors can be found in the literature (Kopel et al 2008;Guastello 2002). An important problem in work group literature is the withholding of effort (Kidwell and Bennett 1993;Bennett and Naumann 2005;Kidwell and Valentine 2009).…”

Section: The Modelmentioning

confidence: 99%

“…Therefore, supervisors might be advised that the extent to which subordinates perceive their colleague's behavior in the common task will determine the emergence of sudden changes in their allocation behavior. In fact, as mentioned in Kopel et al (2008), in complex dynamics with sensitive dependence on initial conditions, even minor interventions may suffice to prevent harmful events and to obtain better results. All these aspects may be relevant when considering group's collective intelligence, in terms of both members' diversity and interaction in the group (Woolley et al 2015).…”

Section: Practical Implicationsmentioning

confidence: 99%

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Envy effects on conflict dynamics in supervised work groups

Forno

Merlone

2021

Decisions Econ Finan

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At the end of the last century, chaos theory principles have helped organizational theorists to analyze several aspects of organizations and to account for their dynamic evolution. However, most of contributions remained relegated as qualitative discussions of organizational phenomena. In this paper, starting from effort allocations of subordinates in supervised work groups which were observed in a human participants interaction, we found evidence of nonlinear relation between the colleagues’ effort. In order to explain the large variability of behavior we observed, we consider those activated by unfavorable social comparison and propose a dynamical model. A theoretical dynamic model based on the empirical results appears to be powerful for modeling repeated interactions in a work group. Research and intervention design should focus on individual intolerance and beliefs about the reciprocal capacities between subordinates, which, according to our study, appear to play a key role in the inefficiency of equilibria observed in supervised work groups.

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Section: The Modelmentioning

confidence: 99%

Section: Practical Implicationsmentioning

confidence: 99%

Envy effects on conflict dynamics in supervised work groups

Forno

Merlone

2021

Decisions Econ Finan

View full text Add to dashboard Cite

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Dynamic study of the duopoly market stability based on open innovation rate integration and intellectual property

Elmire,

Bassou,

Hlyal

et al. 2024

Front. Appl. Math. Stat.

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In this paper, we present a model detailing the benefits of two competing firms in a duopoly market, where profit maximization is linked to their production levels using the Cournot method. Our primary objective is to develop a collaborative strategy within the framework of open innovation to optimize their profits. Furthermore, we analyze how these firms can integrate an additional source of revenue in the form of intellectual property, without negatively impacting their open innovation strategies. To achieve this, we conducted a dynamic study of these strategies by introducing this intellectual property, to assess the impact of its components, such as patent licensing fees and royalties, on the equilibrium of strategies adopted by these firms. Our aim is to provide recommendations for optimal management of this intellectual property, thus enabling firms to fully leverage its benefits while preserving their competitive position in the market.

show abstract

Regulating complex dynamics in firms and economic systems

Cited by 2 publications

References 24 publications

Envy effects on conflict dynamics in supervised work groups

Envy effects on conflict dynamics in supervised work groups

Dynamic study of the duopoly market stability based on open innovation rate integration and intellectual property

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