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for innovation based on a concept of hereditary information (knowledge)?  What kinds of innovation does the model …
Persistent link: https://www.econbiz.de/10005561798
Transaction Costs Theory has been considered the 'new orthodoxy' in the theory of the firm, being this the very same reason for wide criticism by different schools of economic thought. However, there seems to be signs of complementarity between TCT and evolutionary approaches to the firm. Some...
Persistent link: https://www.econbiz.de/10005412956
Agent-based computational economics (ACE) is the computational study of economies modelled as evolving decentralized …
Persistent link: https://www.econbiz.de/10005076912
Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting …
Persistent link: https://www.econbiz.de/10005118854
long gap separating Coase's seminal paper [1937] that laid the foundations of current Transaction Cost Economics (TCE) and … economics' [Hodgson 1998]. Most TCE scholars seem to rely on the latter commitment, and this could mean losing a chance of … enriching economics in its methodological and theoretical foundations. This paper regroups and comments criticisms from …
Persistent link: https://www.econbiz.de/10005134547
recent theoretical studies in economics. After defining the economic globalization and schematizing its relations with … for world trade and output growth. In Chapter 3, this new perspectives in economics are discussed. Last chapter presents …
Persistent link: https://www.econbiz.de/10005556465
The accelerated development in Peer-to-Peer (P2P) and Grid computing has positioned them as promising next generation computing platforms. They enable the creation of Virtual Enterprises (VE) for sharing resources distributed across the world. However, resource management, application...
Persistent link: https://www.econbiz.de/10005134568
Despite the shortcomings of Hayek’s spontaneous order, there is a positive side, perhaps even a positive feedback. Hayek left us with a “what if” question and returns us to that initial opening of Pandora’s Box, or perhaps the initial onset of neo-realism, neo-liberalism,...
Persistent link: https://www.econbiz.de/10005407658
Tropical forests are estimated to release approximately 1.7 PgC per year as a result of deforestation. Avoiding tropical deforestation could potentially play a significant role in carbon mitigation over the next 50 years if not longer. Many policymakers and negotiators are skeptical of our...
Persistent link: https://www.econbiz.de/10005407780
The Productivity Commission's final research report, released December 2004, responds to a request by the Australian Government to examine the contribution that national reform of building regulation has made and further reform could make to the performance of the building and construction...
Persistent link: https://www.econbiz.de/10005407799