This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … millennia, although at times it has been pivotal in bringing innovation, taking risks and driving efficiency. It is argued that … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …

The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in …

excluded from mainstream economic theory. In contrast, we report that evolutionary economists have acknowledged the importance … economic analysis be fully embedded in complex economic system theory and that associated understandings as to how humans react …

investment benchmarks for illiquid assets such as infrastructure.<P>Les investisseurs institutionnels et le financement des …

Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also … have the highest asset allocation to infrastructure around the globe today. This paper compares and contrasts the … experience of institutional investors in the two countries looking at factors such as infrastructure policies, the pension system …

the heterogeneity in firms' innovation strategies. Is heterogeneity sustainable in the long-term and what happens to the … market shares of firms having different innovation strategies when a structural market characteristic (market size) or a …-level innovation model is designed. The model addresses supply and demand sides of the market simultaneously with the co-evolution of …

This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … more realistic and empirically grounded behavioral assumptions and technological innovation and that the goal of the … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the …

aspects of Veblen’s "nstinct of workmanship," which is an essential starting point of his evolutionary theory of institutional …

implications are discussed exemplarily for the theory of production. …