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innovation. Our effort is trying to view the evolution of this artifact from memetics. By constructing a phylomemetic tree based …Cellular phone is one of the most developing technological artifacts today. The evolution occurs through random … algorithm to construct cellphone phylomemetic tree. Therefore we compare with the innovation tree, which is based on serial …
Persistent link: https://www.econbiz.de/10005412917
, can Schumpeter’s creative destruction process which leads to technological improvement over time also generate realistic …
Persistent link: https://www.econbiz.de/10005125621
modern research has proven Schumpeter correct is not made, but rather that existing recent research is not inconsistent with …
Persistent link: https://www.econbiz.de/10005126083
Short explanation of Schumpeter's concepts of dynamics, innovations and entrepreneurship. It is argued, that …
Persistent link: https://www.econbiz.de/10005062408
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
This research develops an evolutionary growth theory that captures the intricate time path of life expectancy in the process of development, shedding new light on the origin of the remarkable rise in life expectancy since the Agricultural Revolution. The theory argues that social, economic and...
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