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We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model...
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This paper addresses the issue of possible land use strategies and responses in coastal zones as a consequence of global environmental change. It will first set out some key elements in global change that are of critical importance for the water and land management in such areas. Next, it will...
Persistent link: https://www.econbiz.de/10005150683
We explore the idea of public policy from the perspective of evolutionary thinking. This involves paying attention to concepts like diversity, population, selection, innovation, coevolution, group selection, path-dependence and lock-in. We critically discuss the notion of evolutionary progress....
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