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The main ingredient of this paper is the derivation of the generalized version of Hamilton's rule. This version is derived with the Generalized Price equation. The generalized version of Hamilton's rule generalizes the original rule, in the sense that it produces a set of rules; one rule for...
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The main ingredient of this paper is the derivation of the Generalized Price equation. This generalizes the original Price equation in the sense that it produces a set of Price-like equations, one for every different underlying model that one could assume has generated the data. All of these...
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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
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