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Impact of Environmental Dynamics on Economic Evolution: Uncertainty, Risk Aversion, and Policy
Nannen, Volker; den Bergh, Jeroen C. J. M. van; Eiben, A. E. - Volkswirtschaftliche Fakultät, … - 2008
The general question of how environmental dynamics affect the behavioral interaction in an evolutionary economy is considered. To this end, a basic model of a dynamic multi-sector economy is developed where the evolution of investment strategies depends on the diversity of investment strategies,...
Persistent link: https://www.econbiz.de/10005616819
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Keynes, Hobson, Marx
Skidelsky, Robert - In: Moneta e Credito 66 (2013) 262, pp. 153-166
The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx.
Persistent link: https://www.econbiz.de/10010854272
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Keynes, Hobson, Marx
Slidelsky, Robert - In: PSL Quarterly Review 66 (2013) 264, pp. 7-19
The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx. Text of a speech given at the...
Persistent link: https://www.econbiz.de/10010658893
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ECONOMIC ANALYSIS OF KNOWLEDGE: THE HISTORY OF THOUGHT AND THE CENTRAL THEMES
Leppälä, Samuli - Center for the History of Political Economy - 2012
Following the development of knowledge economies, there has been a rapid expansion of economic analysis of knowledge, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this literature by identifying the main themes and...
Persistent link: https://www.econbiz.de/10010878272
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Intermediation in Innovation
Hoppe, Heidrun C.; Ozdenoren, Emre - C.E.P.R. Discussion Papers - 2005
of intermediation in innovation. …
Persistent link: https://www.econbiz.de/10005498006
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Does Size Matter? Scale, Corruption and Uncertainty
Forgues-Puccio, Gonzalo F.; Okumu, Ibrahim M. - Centre for Dynamic Macroeconomic Analysis, University … - 2012
predictability of bribes, the size of the economy may be an important factor in determining the effects of corruption on innovation …
Persistent link: https://www.econbiz.de/10010676185
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Incentive Contracts for Managers Who Discover and Manage Investment Projects
Campbell, Tim; Marino, Tony - Institutet för Näringslivsforskning (IFN) - 1989
No abstract.
Persistent link: https://www.econbiz.de/10010818320
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Entrepreneurial Innovation
Rigotti, L.; Ryan, M.; Vaithianathan, R. - Tilburg University, Center for Economic Research - 2001
This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude … toward uncertainty.Unlike previous models of innovation, the firm-formation process is endogenous.An entrepreneur, who owns …'s willingness to work with the uncertain technology.The general equilibrium setting allows us to explore the impact of innovation on …
Persistent link: https://www.econbiz.de/10011092399
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The Evolution of Knowledge and Knowledge of Evolution
Loasby, Brian J. - In: Journal of Economics and Statistics (Jahrbuecher fuer … 234 (2014) 2-3, pp. 142-157
-decomposability, the limits of which can never be fully anticipated. Thus uncertainty is inescapable – but it is a condition of innovation. …
Persistent link: https://www.econbiz.de/10010907931
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INSTITUTIONS: UNCERTAINTY IN DEFINITION OF THE TERM. A BRIEF LOOK AT THE HISTORY: 1890-1930
Arnania-Kepuladze, Tamila - In: Equilibrium 9 (2014) 4, pp. 79-102
Despite the fact that the significance of institutional economics is commonly recognized, the uncertainty of basic concepts of institutional economics – institutions – and its investigation sphere is widely mentioned today. The paper aims to trace the process of evolution in the...
Persistent link: https://www.econbiz.de/10011274656