Showing 1 - 10 of 1,059
of entering firms is a function of current average productivity. Because of the resulting selection and imitation process … percent of productivity growth may be due to such a selection e¤ect …
Persistent link: https://www.econbiz.de/10005051250
Suppose firms are subject to decreasing returns and permanent idiosyncratic productivity shocks. Suppose also firms can only stay in business by continuously paying a fixed cost. New firms can enter. Firms with a history of relatively good productivity shocks tend to survive and others are...
Persistent link: https://www.econbiz.de/10011043055
greater hit score increases market size. A selection effect by which consumers are more picky and select higher quality goods …
Persistent link: https://www.econbiz.de/10005666414
This paper sheds new light on the concept of selection in evolutionary economics. The interpretation of natural … economists. This is especially true for the concept of selection, a key concept in many evolutionary approaches. In economics as … well as in biology, selection is seen as a central mechanism, which mediates for example the spread of information and …
Persistent link: https://www.econbiz.de/10010323879
According to the advocates of a Generalized Darwinism (GD), the three core Darwinian principles of variation, selection …
Persistent link: https://www.econbiz.de/10010267143
According to the advocates of a "Generalized Darwinism" (GD), the three Darwinian principles of variation, selection …
Persistent link: https://www.econbiz.de/10008566419
This paper sheds new light on the concept of selection in evolutionary economics. The interpretation of natural … economists. This is especially true for the concept of selection, a key concept in many evolutionary approaches. In economics as … well as in biology, selection is seen as a central mechanism, which mediates for example the spread of information and …
Persistent link: https://www.econbiz.de/10010634115
introduces a selection equation, which allows for selection within and between sectors and explores the forces that can account … sorting and a selection mechanism between and within sectors, which continuously changes the relative position of competing …
Persistent link: https://www.econbiz.de/10005087161
.2% less than do offline consumers. After controlling for selection, we find that using Autobytel.com reduces the price a …
Persistent link: https://www.econbiz.de/10005748786
Post-Schumpeterians have tended to use biological analogies to understand economic evolution, in contrast to Schumpeter himself. In this paper it is argued that the biological analogies used tend to be outdated and that Schumpeter espoused an intuitive understanding of the evolutionary economic...
Persistent link: https://www.econbiz.de/10005760591