Showing 1 - 10 of 13,605
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
Production' and 'transfer' of knowledge, and the role of institutions, are two major conceptual tenets of Innovation … on results of different disciplines, the paper critically discusses 'knowledge' and 'institution' concepts used in that …
Persistent link: https://www.econbiz.de/10010277899
The paper discusses recent trends in the sister sciences of evolutionary economics and complexity economics. It suggests that a unifying approach that marries the two strands is needed when reconstructing economics as a science capable of tackling the two key questions of the discipline: complex...
Persistent link: https://www.econbiz.de/10010286737
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 … to states of uncertainty be explicitly dealt with. We argue that knowledge, because of the existence of uncertainty is …
Persistent link: https://www.econbiz.de/10010286760
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
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
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