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examine the prospects of self-enforcing cooperation as trade relationships evolve. It turns out that factor differentials and … specificities are of utmost importance. In fact, prospects of self-enforcing cooperation are the lower the more diverse the …. Notably, this result also holds in a recurrent, that is, in an evolutionary setting that otherwise induces cooperation in …
Persistent link: https://www.econbiz.de/10010680805
Persistent link: https://www.econbiz.de/10005396184
same year Darwin published The Descent of Man, which emphasized sympathy and cooperation as well as self-interest, and …
Persistent link: https://www.econbiz.de/10010759861
imitation that are claimed to correspond with the processes of mutation, selection, and replication of biological evolution …
Persistent link: https://www.econbiz.de/10005622525
Despite its importance as a formative influence in evolutionary biology, the notion of isolation has received relatively little attention in evolutionary economics and its application to technological innovation. This paper makes the case that isolation, in many guises, is a pervasive and...
Persistent link: https://www.econbiz.de/10010849022
According to the “Generalized Darwinism” movement (GD), the three principles of variation, selection and retention/replication (labeled “Darwinian” in some variants of GD) can and should be used as a meta-theoretical framework for the explanation of evolutionary processes in the...
Persistent link: https://www.econbiz.de/10011001854
Simon argued, quasi-decomposability has made evolution possible from the beginning of the universe. Economies are …
Persistent link: https://www.econbiz.de/10011001866
Persistent link: https://www.econbiz.de/10009325783
The paper analyses some general dynamic properties of industries characterized by heterogeneous firms and continuing stochastic entry. After a brief critical assessment of some significant drawbacks of recent contributions to modeling of stochastic industrial dynamics, we propose a novel...
Persistent link: https://www.econbiz.de/10005169439
To develop the ideas of evolutionists - followers of Schumpeterian tradition, an attempt is made in the paper to describe the economy at large as a set of specific subsystems, namely macrogenerations. Those subsystems possess the following features: first, each macrogeneration is born, lives and...
Persistent link: https://www.econbiz.de/10005169461