Showing 1 - 5 of 5
Modularity has recently become an important concept in economics and management science alike (Ulrich 1995; Baldwin and … Clark 2000). However, it is not always clear what is meant by modularity as formal treatments are rare. The aim of this … paper is threefold. First, we want to provide a rigorous treatment of modularity. To this end we use Kauffman"s (1993) NK …
Persistent link: https://www.econbiz.de/10005537634
Several models have been proposed to study the dynamics of competition between languages. Among them, and starting from the dynamics of endangered languages, recent approaches have addressed the issue of bilingualism. Along these lines we consider the dynamics of language use, allowing for...
Persistent link: https://www.econbiz.de/10005342969
Survey data on agent expectations appear to experience inertia, remaining relatively stable for protracted periods punctuated with the occasional structural shift initiated by exogenous changes. The data is also characterised with an underlying level of volatility which varies over time. This...
Persistent link: https://www.econbiz.de/10005706224
Network economics holds the view that individual actions and, in turn aggregate outcomes, are mainly determined by the interaction structure between heterogeneous economic agents. In this paper we study the diffusion of an innovation over a social network. More specifically, we study whether...
Persistent link: https://www.econbiz.de/10005706499
Persistent link: https://www.econbiz.de/10005537804