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Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses
Fioretti, Guido - EconWPA - 2002
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582
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INNOVATION AND VENTURE CAPITAL EXITS
SCHWIENBACHER, Armin - EconWPA - 2001
-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …
Persistent link: https://www.econbiz.de/10005413189
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Scale, scope and entrepreneurship
Bitros, George C. - EconWPA - 2004
geographically and function-ally. They promoted rapid innovation by resorting to systematic Research and Development ef- forts. And …. But simultaneously they led to losses in market co-ordination be-cause these transformations increased market … imperfections. As a result the economies of scale and scope appear to be negatively related to the ratio of co-ordination to …
Persistent link: https://www.econbiz.de/10005413293
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Competitive Advantages of the Beira Interior (Portugal): A TOWS Approach
Ferreira, Joao; Leitao, Joao; Raposo, Mario - EconWPA - 2005
The formulation of a competitive strategy implies an extended understanding, in terms of the industrial structures, of the mains fields where the nations compete and those structures evolve. The environmental conditions of a region, and of its industries, determine both the generic strategies,...
Persistent link: https://www.econbiz.de/10005118851
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The Institutional Character of Electronic Money Schemes: Redeemability and the Unit of Account
Schmitz, Stefan W. - EconWPA - 2002
A number of commentators have argued that technological innovation is about to change the institutional structure of …
Persistent link: https://www.econbiz.de/10005076672
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Joseph Schumpeter and Modern Nonlinear Dynamics
Barnett, William; Rose, Morgan - EconWPA - 2005
This paper explores the conceptual links between Joseph Schumpeter’s theory of instability under capitalism and both theoretical and empirical research that has been done over the past fifteen years in nonlinear dynamics. Recent work related to chaos and bifurcation theory is shown to be...
Persistent link: https://www.econbiz.de/10005126083
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Uncertainty in the Austrian Theory of Capital
Schmitz, Stefan W. - EconWPA - 2002
This paper is based on the traditional Austrian Theory of Capital which deals with expected values of future returns of investments over various periods of time. The longer the time period that elapses between the beginning of a production process and its end, the higher the (expected)...
Persistent link: https://www.econbiz.de/10005561050
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Knowledge, Coordination, and Fiscal Federalism: An Organizational Perspective
GARZARELLI, Giampaolo; LIMAM, Yasmina Reem - EconWPA - 2003
standpoint of knowledge asymmetry the question of a central government in a federation becomes primarily a story of coordination …
Persistent link: https://www.econbiz.de/10005125888
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Correlated Equilibria of Classical Strategic Games with Quantum Signals
Mura, Pierfrancesco La - EconWPA - 2003
Correlated equilibria are sometimes more efficient than the Nash equilibria of a game without signals. We investigate whether the availability of quantum signals in the context of a classical strategic game may allow the players to achieve even better efficiency than in any correlated...
Persistent link: https://www.econbiz.de/10005062351
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Learning Under Little Information: An Experiment on Mutual Fate Control
Mitropoulos, Atanasios - EconWPA - 2001
Reinforcement learning has proved quite successful in predicting subjects' adjustment behaviour in repeatedly played simple games. However, reinforcement learning does not predict convergence to the efficient cell in the minimal information game of mutual fate control, while earlier...
Persistent link: https://www.econbiz.de/10005407543