Silverberg, Gerald; Verspagen, Bart - In: Journal of Evolutionary Economics 4 (1994) 3, pp. 207-26
We formulate a simple multiagent evolutionary scheme as a model of collective learning, i.e., a situation in which firms experiment, interact, and learn from each other. This scheme is then applied to a stylized endogenous growth economy in which firms have to determine how much to invest in...