This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by … in a way that favors the most profitable firm types. Selection may be inadequate because firms are being selected on the … basis of incorrect market signals. Selection itself may reinforce such mispricing, thus generating instability. I compare …

Chapter 1 Profiling Business in Uncertainty: Evolution, Transformation and Adaptation across Disciplines and Typologies …This book, a special publication in the Series, is a comprehensive exploration of business adaptation and evolution in … times of global uncertainty. Compiled from the finest papers presented at the 16th Annual Euromed Academy of Business (EMAB …