Showing 1 - 10 of 49
performance and evolution of clusters.It develops three types of embedding: institutional embedding, structural embedding (network ….A basic proposition is that innovative clusters face the challenge of combining exploration and exploitation.Hypotheses are … specified concerning differences between networks for exploration and exploitation, and concerning combinations and transitions …
Persistent link: https://www.econbiz.de/10011091276
In contrast to the neo-classical theory of Arrow and Debreu, a model of a private ownership economy is presented, in which production and consumption bundles are treated separately. Each of the two types of bundles is assumed to establish a con- vex cone. Production technologies can convert...
Persistent link: https://www.econbiz.de/10011090494
In the last decade, the number of logistic service providers located in clusters across Europe has increased …
Persistent link: https://www.econbiz.de/10011092798
This experimental study investigates the inuence of irrelevant or phantom al- ternatives on subjects' choices in sequential decision making. Using experimental data from 45 subjects, we found that irrelevant alternatives bear significant rele- vance for decision making. We observe that only 38%...
Persistent link: https://www.econbiz.de/10011091379
This paper investigates the existence of an editing phase and studies the com- pliance of subjects' behaviour with the most popular multiattribute decision rules. We observed that our data comply well with the existence of an editing phase, at least if we allow for a natural error rate of some...
Persistent link: https://www.econbiz.de/10011091881
Is gift-exchange inevitably to be crowded out by impersonal market exchange? The presence of a thick-market externality indicates that this is indeed likely to be the case. But reciprocity or gift-exchange induces social relations. The utility function is extended in order to take account of...
Persistent link: https://www.econbiz.de/10011092126
Yang s theory of economic specialization under increasing returns to scale (Yang 2001) is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor.In this theory specialization and, thus, the social division of labor is firmly...
Persistent link: https://www.econbiz.de/10011090467
Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict...
Persistent link: https://www.econbiz.de/10011090555
Minimum cost spanning extension problems are generalizations of minimum cost spanning tree problems in which an existing network has to be extended to connect users to a source. This paper generalizes the definition of irreducible core to minimum cost spanning extension problems and introduces...
Persistent link: https://www.econbiz.de/10011090585
in networks for exploration there are good reasons, counter to the thesis of the 'strength of weak ties', for a dense … structure of ties that are strong in most dimensions.By contrast, in exploitation networks there are good reasons for structures … that are non-dense, with ties that are strong in other dimensions than in networks for exploration. …
Persistent link: https://www.econbiz.de/10011091255