Showing 1 - 10 of 209
infers that, all nations, irrespective their level of development, should evaluate Productivity/Management Decisions with …, Local, International and Universal in nature. Author’s Research and Development approach for these vicious combination … reference to Socio-Economic Development units, and Intangible components should have priority over Tangibles (Algebraic Model …
Persistent link: https://www.econbiz.de/10005408439
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...
Persistent link: https://www.econbiz.de/10005076916
process of development, shedding new light on the origin of the remarkable rise in life expectancy since the Agricultural …
Persistent link: https://www.econbiz.de/10005125645
This paper proposes an evolutionary betting mechanism that refers to scientists' academic reputation. The mechanism provides incentives for theoretical and empirical researchers to work on joint projects, thereby producing more general findings and stylized facts that can be used in giving...
Persistent link: https://www.econbiz.de/10005126068
and evolution of trade networks by means of real-time animations. Data tables and charts reporting descriptive performance …
Persistent link: https://www.econbiz.de/10005134562
We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is...
Persistent link: https://www.econbiz.de/10005062353
Evolutionary arguments are often used to justify the fundamental behavioral postulates of competive equilibrium. Economists such as Milton Friedman have argued that natural selection favors profit maximizing firms over firms engaging in other behaviors. Consequently, producer efficiency, and...
Persistent link: https://www.econbiz.de/10005062752
This chapter examines the process of development from an epoch of Malthusian stagnation to a state of sustained … economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of … and development. The inconsistency of non-unified growth models with the main characteristics of the process of …
Persistent link: https://www.econbiz.de/10005062763
Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...
Persistent link: https://www.econbiz.de/10005407624
Kauffman’s Nk model, showing that if evolution it is based on trial-and-error search process, it leads generally to sub …
Persistent link: https://www.econbiz.de/10005408218