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Learning, institutions, and economic performance
Mantzavinos, C.; North, Douglass C.; Shariq, Syed - 2003
In this article, we provide a broad overview of the interplay among cognition, belief systems, and institutions, and how they affect economic performance. We argue that a deeper understanding of institutions' emergence, their working properties, and their effect on economic and political...
Persistent link: https://www.econbiz.de/10010323971
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Emergent cultural phenomena and their cognitive foundations
Cordes, Christian - 2007
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
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Spatial Evolution of Social Norms in a Common-Pool Resource Game
Noailly, Joëlle; Withagen, Cees A.; van den Bergh, … - 2005
We study the conditions for the emergence of cooperation in a spatial common-pool resource game. We consider three types of agents: cooperators, defectors and enforcers. The role of enforcers is to punish defectors for overharvesting the resource. Agents are located around a circle and they only...
Persistent link: https://www.econbiz.de/10010312507
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The Evolution of the German Tort Law in the 19th Century - An Economic Analysis of the Evolution of Law
Eckardt, Martina - 1999
Despite the advances in New Institutional Economics about the economic consequences of institutions and legal rules, up to now we have only limited knowledge about the mechanisms of the evolution of law. By combining the main ideas of Evolutionary Economics and New Institutional Economics this...
Persistent link: https://www.econbiz.de/10010319319
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Self-renewal capacity and economic growth
Saarivirta, Toni - 2009
theory are used here as reference points in search of self-renewal capacity. The results show that endogenous growth theory … gives more room for self-renewal capacity than does neoclassical growth theory, but, nonetheless, several questions, such as … the dynamic of economies, remain unsolved. Evolutionary theory, however, fits most eminently when defining the concept …
Persistent link: https://www.econbiz.de/10010277904
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The Experience Curve and the Market Size of Competitive Consumer Durable Markets
2011
An evolutionary model of the product life cycle is applied to derive the experience curve and the market size of (expensive) durable goods. The experience (learning) curve suggests that the real costs per unit decrease with an increasing cumulative output (Henderson's law). Based on the idea...
Persistent link: https://www.econbiz.de/10010309316
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Path Dependence, Corporate Governance and Complementarity
Schmidt, Reinhard H.; Spindler, Gerald - 2000
In a series of recent papers, Mark Roe and Lucian Bebchuk have developed further the concept of path dependence, combined it with concepts of evolution and used it to challenge the wide-spread view that the corporate governance systems of the major advanced economies are likely to converge...
Persistent link: https://www.econbiz.de/10010316240
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An Evolutionary Agent-based simulation model for the industry life cycle
Lehmann-Waffenschmidt, B. Cornelia - 2008
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
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Agent-based modelling : a methodology for the analysis of qualitative development processes
Pyka, Andreas; Grebel, Thomas - 2003
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
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The Evolution of the Literature on Technological Change over time: A Survey
Conte, Andrea - 2006
the development of a more general theory of the determinants and the effects of TC. In turn, such theory has to deal …
Persistent link: https://www.econbiz.de/10010263572