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system as in the standard general equilibrium model. It is suggested that the relationship between micro and macro behaviour …
Persistent link: https://www.econbiz.de/10005028311
's reinvention of growth theory. We currently observe conflicting methods of handling evolution and business strategy. …
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including production and taxes. Our notion of an "open loop evolution equilibrium" is based on arguments from the gradual vs … accounting for novelty. The present paper makes a contribution to filling in this gap basing on a general equilibrium model …
Persistent link: https://www.econbiz.de/10005622515
Evolutionary arguments are often used to justify the fundamental behavioral postulates of competive equilibrium … these claims in an evolutionary general equilibrium model. If the economic environment were held constant, profitable firms … would grow and unprofitable firms would shrink. In the general equilibrium model, prices change as factor demands and output …
Persistent link: https://www.econbiz.de/10005790843
stable equilibrium is one in which the entire population will consist of altruists. …
Persistent link: https://www.econbiz.de/10005572006
, evolution, responsibility and justice, a new concept of economic activity emerges within nature. This leads to new …. Following the Introduction (Section 1), this paper explains the MINE project (Section 2) and introduces our methodology (Section …
Persistent link: https://www.econbiz.de/10012141444
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, evolution, responsibility and justice, a new concept of economic activity emerges within nature. This leads to new …. Following the Introduction (Section 1), this paper explains the MINE project (Section 2) and introduces our methodology (Section …
Persistent link: https://www.econbiz.de/10011944121