Fernando Buendía

Fernando Buendia is founder and the first president of Mexico City Institute of Technology, a private institution with a clear purpose: to develop new ideas and innovations and apply them to improve the quality of high education, the design of public policies, and ours views of how technology and science are affecting the society, the economy, and the person. Prior to MexicoTech, Professor Buendía was Director of the MBA Program and the Ph.D. Program in Management of Tecnológico de Monterrey’s EGADE Business, Campus Santa Fe.

Under Professor Buendía’s leadership, MexicoTech is contributing to the development of new economic theories, the creation of innovations, and the advance of the arts and the humanities. MexicoTech is also setting new standard to transform high education and seeks to become one of the world’s most innovative and revolutionizing institutions. MexicoTech’s faculty members are constantly exploring new educational methods and technologies to reinvent undergraduate and graduate education.

With a background and interest in economics, management, system dynamics, complexity theory, Professor Buendía is leading the formation of the System Dynamics Society’s Complexity Special Interest Group, whose members believe that system dynamics can be a useful methodological tool to improve theories in physics, biology, economics, and other scientific fields. His participation in this group will focused on the application of system dynamics to understand the emergence, growth, and self-organization of firms and cities. He will also explore how technologies and innovations are created, produced, adopted and eventually substituted. An important contribution of Dr. Buendía to this group will be his research about the application of systems dynamics to understand how firms, cities and economies cause each other.

Dr. Buendía’s research work has been published Complexity, Complex Systems Journal, Business System Review, Physical Science, and Applications y Business Management Dynamics. Professor Buendía is author of Ciencia de Empresas (Science of Firms), a forthcoming book where he discusses the laws that rule the size of firms. He is also author of Mercados Auto-Organizativos (Self-Organizing Markets), a book that gives and endogenous explanation of how firms grow and determine the structure of the markets where they compete.

Dr. Buendía holds a Ph. D. in Administration from École de Hautes Éstudes Commerciales, Montréal and a master’s degree in Public Policy from Instituto Tecnológico Autónomo de México (ITAM). He obtained a bachelor’s degree in Economics and a bachelor’s degree in Business Administration.

Selected Publications

Articles

• 2015, “Size Distribution of Firms Over Time” presented at the 2nd International Electronic Conference on Entropy and Its Applications, Department of Statistics and Applied Probability, University of California, USA.
• 2014, “Network Externalities Revisited”, proceedings of the 34th Conference of the Strategic Management, Society, September 20 - September 23, Madrid, Spain.
• 2013, “Increasing Returns Economics and Generalized Polya Processes”, Complexity, Vol. 19, Issue 2, pp. 21–37.
• 2013, (with López-Hernández, C.), “International Trade and Location of Large Firms”, Business Systems Review, Vol. 2. Issue 3, pp. 26-33.
• 2013, “Self-Organizing Market Structures, System Dynamics, and Urn Theory”, Complexity, Vol. 18, Issue 4, pp. 28-40.
• 2013, (with Josué Reynoso), “Market Shares are not Zipf-Distributed”, Complex Systems, Volume 22, Issue 3, pp. 28-43.
• 2013, “Business Competition as a Complex System”, proceedings of the 31st International Conference of the System Dynamics Society, Sloan Business School, Massachusetts Institute of Technology, Cambridge, Massachusetts USA. July 21 – July 25, 2013.
• 2013, “The City as a Complex Dynamic System”, proceedings of the 31st International Conference of the System Dynamics Society, Sloan Business School, Massachusetts Institute of Technology, Cambridge, Massachusetts USA. July 21 – July 25, 2013.
• 2012. “Polynomial Distribution of Market Share”, Business Management Dynamics, Vol.2, No.3, September.
• 2012, “Expansion Economies”, Business Systems Review, Vol. 1, Issue 1, pp. 263-275.
• 2012, The Reward System in Art Markets: a system dynamics approach, proceedings of the 30th International Conference of the System Dynamics Society, St. Gallen University, St. Gallen, Switzerland, July 22 – July 26, ISBN 978-1-935056-09-6.

Book chapters

• 2007, “The Information Problem in the Art Markets: A Formal Model”, in Amrita Chakrabarty, Investing in Art: an Introduction, ICFAI University Press, Calcutta, India.
• 2005, “Towards a System Dynamics-Based Theory of Industrial Clusters”, published in Karlsson, Charlie, Börje Johansson and Roger R. Stough, editors, Industrial Clusters and Inter-Firm Networks, Edward Elgar Publishing, London, England, pp. 83-107.
• 2005, “Business Competition as a Self-Organizing Process: Toward an Increasing Returns-Based Microeconomic Theory”, published in Salzano, Massimo y Kirman, Alan P., editors, Economics: Complex Windows, New Economic Windows Series, XX, Springer-Verlag, Milan, Italy, pp. 123-147.
• 2005, “Increasing Returns to Economic Activity Agglomeration”, published in Johansson, Iréne (editor), Regions in Competition and Co-operation, University of Trollhättan/Uddevalla, Uddevalla, Sweden, pp. 273-286.
• 2004, “The Evolution of Industrial Clusters” publish in Johansson, Iréne (editor), Entrepreneurship, Spatial Industrial Clusters and Inter-firm Networks, University of Trollhättan/Uddevalla, Uddevalla, Sweden, pp. 273-286.

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