We present a mathematical analysis of the long-run behavior of genetic algorithms that are used for modeling social phenomena. The analysis relies on commonly used mathematical techniques in evolutionary game theory. Assuming a positive but infinitely small mutation rate, we derive results that...

We present a mathematical analysis of the long-run behavior of genetic algorithms that are used for modeling social phenomena. The analysis relies on commonly used mathematical techniques in evolutionary game theory. Assuming a positive but infinitely small mutation rate, we derive results that...

Routines and instincts are similar in terms of function and structure: 1) With respect to function, they economize on scarce decision-making resources, such as cognitive faculties, by making actions, within limits, inflexible vis-à-vis fluctuating environmental stimuli. As inflexible patterns,...

While the importance of ethnographic research for causal understanding is widely recognized, the logic of this argument has not been well articulated. The purpose of this paper is to specify the conditions under which direct field observations become essential for causal studies. It is argued in...

Development and economic prosperity illustrates undoubtedly nodal objectives of every nation worldwide. Economic freedom and democracy are the proper way to achieve such performances in an open society but in conditions of risk, high uncertainty and information asymmetry. In such terms, the...

This article proposes a simple framework for understanding diversity of linkages between corporate governance (CG) and organizational architecture (OA). It distinguishes discreet modes of their linkage by different combinatorial patterns between three basic assets: managers’ human assets...

This paper studies the optimal transition from existing coal power plants to gas and renewable power under a carbon budget. It solves a model of polluting, exhaustible resources with capacity constraints and adjustment costs (to build coal, gas, and renewable power plants). It finds that optimal...

In November 2011, Zahra and Wright published a very thought-provoking article aimed at discussing the state of the art associated with the entrepreneurship research domain. The main idea behind that article was that, although tremendously growing, entrepreneurship still lacks strong theoretical...