Showing 221 - 224 of 224
<p> This paper analyses the emergence of sectoral specialisation and its effects on growth rate differences providing an alternative approach to endogenous growth processes. To achieve this, we first investigate the conditions leading to sectoral specialisation as an emergent property from the...</p>
Persistent link: https://www.econbiz.de/10005059424
The cited paper uses Genetic Programming (GP) to simulate a well known coordination game, replicating some of the results observed in experiments. This short note suggests that the results presented in the paper cited in the title can be obtained in a much simpler way, due to the action of...
Persistent link: https://www.econbiz.de/10005032768
We use evolutionary game theory in order to determinate the long-run behaviours in the monetary policy game. The model we present firstly assumes the government as well as the private sector are boundedly rational players. The behavioral rule of the government is imitation of the best player...
Persistent link: https://www.econbiz.de/10005032769
<p> Over the years "S-shaped" evolutions have regularly been incorporated in economic models, and indeed in those of other sciences, by way of the logistic or Gompertz equations. However, both equations have noteworthy shortcomings when fitting some empirical features of economic growth: the...</p>
Persistent link: https://www.econbiz.de/10005032771