Showing 1 - 10 of 12,771
In contrast to the usual approach taken in the literature, in which an Industry Life Cycle (ILC) is reproduced by aggregate functions, the model of this paper generates a self-organizing ILC. A general evolutionary agent-based simulation model is developed that can be adapted for specific...
Persistent link: https://www.econbiz.de/10010300629
The tremendous development of an easy access to computational power within the last 30 years has led to the widespread use of numerical approaches in almost all scientific disciplines. The first generation of simulation models was rather focused on stylized empirical phenomena. With agent-based...
Persistent link: https://www.econbiz.de/10010263008
This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper … growth, and the way in which economics literature has dealt with this issue over time. The structure of this survey … distinguishes between different decades and it identifies the key debates in the economics literature in each period. Although …
Persistent link: https://www.econbiz.de/10010263572
between individual cognitive dispositions at the micro level and cultural phenomena at the macro level, the theory of gene …
Persistent link: https://www.econbiz.de/10010266713
This paper incorporates aspects of humans' evolved cognition into a formal model of cultural evolution and scrutinizes their interactions with population-level processes. It is shown how the biased transmission of different kinds of behavior via cultural learning processes influences agents'...
Persistent link: https://www.econbiz.de/10010266741
Replicator dynamic modelling (rdm) is used to discuss industrial evolution problems with heterogeneous agents. However, some of the models tend to be very complex and, therefore, analytical solutions cannot be obtained. Hence, the paper proposes to start with a relatively simple model and check...
Persistent link: https://www.econbiz.de/10010267054
presumably adapted to the living conditions of early humans. If at all, behavioral economics accounts for its influences on … so as to also embrace the motivational underpinnings of economic behavior. In the language of economics this means to …
Persistent link: https://www.econbiz.de/10010286736
Daß ökonomische Prozesse zu den primären evolutorischen Untersuchungsgegenständen gehören und wie alle handlungserzeugten Prozesse, die nicht antizipierte Neuheiten hervorrufen können, grundsätzlich als verlaufs- und ergebnisoffen zu konzipieren sind, ist unstrittig. Um den Problemen des...
Persistent link: https://www.econbiz.de/10010305417
Persistent link: https://www.econbiz.de/10010305422
Evolutionary economics is a paradigm for explaining the transformation of the economy. To achieve its goal, it needs … being founded on a proper theory of economic behavior. The paper discusses these foundations. It is argued that the …
Persistent link: https://www.econbiz.de/10010266724