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According to neoclassical economics, the most efficient way to organize human activity is to use the free market. By stoking self interest, the theory claims, individuals can benefit society. This idea, however, conflicts with the evolutionary theory of multilevel selection, which proposes that...
Persistent link: https://www.econbiz.de/10012626981
capitalism in the same period. We review the historical evolution of Japanese corporate governance over the last three decades …Japanese firms have historically followed a country-specific model of corporate governance. Yet, Japan has had to adapt … board of directors monitoring. By doing this, we investigate to what extent specific Japanese corporate governance features …
Persistent link: https://www.econbiz.de/10014333285
situations. He discusses models drawn from the modern literature on cultural evolution in which imitation of others is the basic …
Persistent link: https://www.econbiz.de/10011387740
Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand <i>why</i> an evolutionary process might optimally lead to such seemingly dysfunctional features...
Persistent link: https://www.econbiz.de/10011599367
utilities may be the solution to an evolutionary design problem. We examine a setting in which evolution designs agents with …
Persistent link: https://www.econbiz.de/10011599448
the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions …
Persistent link: https://www.econbiz.de/10011599564
relationships. Yet, there is a gap in understanding the evolution of coopetition. In this article, we re-visit an embryonic cluster … industry restructuring, competition and internationalization. The study thus contributes to our understanding of the evolution …. The paper notes the growing importance of glocal perspectives in business and economic development. A point often …
Persistent link: https://www.econbiz.de/10011986474
evolution. The base of this article lays on a literature review that gathers recent articles and several studies of some …, when policy contradictions block the evolution of the partnership. …
Persistent link: https://www.econbiz.de/10012017208
of Markov evolution of interaction states is presented that generalizes classical homogeneous Markov chains to the …
Persistent link: https://www.econbiz.de/10011852714
Economic agents are not always rational or farsighted and can make decisions according to simple behavioral rules that vary according to situation and can be studied using the tools of evolutionary game theory. Furthermore, such behavioral rules are themselves subject to evolutionary forces....
Persistent link: https://www.econbiz.de/10011852747