M. M. McMahon

Learn More
This paper uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18 th and 19 th century developed rules of conduct that minimized the sum of the transaction and production costs of capturing their prey, the primary implication being that different ecological(More)
The Office of Financial Research (OFR) Working Paper Series allows members of the OFR staff and their coauthors to disseminate preliminary research findings in a format intended to generate discussion and critical comments. Papers in the OFR Working Paper Series are works in progress and subject to revision. Views and opinions expressed are those of the(More)
This paper uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18 th and 19 th century developed rules of conduct that minimized the sum of the transaction and production costs of capturing their prey, the primary implication being that different ecological(More)
Ad hoc networks implemented with Jini technology permit users to enter a network, and become clients of services, without apriori knowledge of the network or its services. Although traditional Public Key Infrastructure (PKI) approaches to authentication are generally static, we employ PKI in a manner consistent with the dynamic nature of ad hoc networks.(More)
1 In this paper we present a simple agent based model of the housing market that we have built in NetLogo, where only the interest rates are set exogenously and the experiments are run according to the actual historical interest rates from the US. The results of these experiments are consistent with the bubble burst from middle 2007. This is a level 1 type(More)
Ad hoc networks provide a dynamically reconfigurable network infrastructure where entities can participate at will. Jini technology can be used to implement an ad hoc network, and to permit a user to enter the network and become a client of services without apriori knowledge of either the existence of the network or its services. However, Jini lacks(More)
  • 1