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properties regarding the impact on problem-solving efficiency and learning of different forms of hierarchical governance, the … development of a comparative institutional analysis addressing the distinct properties of different forms of organization and …
Persistent link: https://www.econbiz.de/10003321412
This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...
Persistent link: https://www.econbiz.de/10002133851