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An agent-based simulation model representing a theory of the dynamic processes involved in innovation in modern …
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Modellers have had to wrestle with an unavoidable trade-off between the demand of a general theoretical approach and the descriptive accuracy required to model a particular phenomenon. A new class of simulation models has shown to be well adapted to this challenge, basically by shifting outwards...
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introduction of novelties in their various and multifaceted forms. By its very nature, innovation and in particular technological … innovation is the most exponent and most visible form of novelty. Therefore it is not very surprising that Neo …-Schumpeterian Economics today has its most prolific fields in the studies of innovation and learning behavior on the micro-level of an …
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