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paper deals with the determinants of entrepreneurship. An eclectic theory ofentrepreneurship is introduced. This eclectic … theory provides an integrated framework,drawing on disparate strands of literature, to create a better understanding of the …
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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
Persistent link: https://www.econbiz.de/10010533203
We propose a general framework for studying the evolution ofheterogeneous beliefs in a dynamic feedback setting. Beliefsdistributions are defined on a continuous space representingthe possible strategies agents can choose from. Agents base theirchoices on past performances. As new information...
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