This paper analyzes the design, refinement, and evolution of organizationalpolicymaking processes, that is to say, organizational governance. Governance procedureslike other aspects of organization are refined through time to advance formeteurinterests. Several mechanisms of evolution are...

This paper posits that significant changes in 19th century British recreational travel patternsresulted from a change in the manner in which tourists used entertaining stimuli in order to attain pleasure.Consumers no longer merely viewed arousing stimuli, but attempted to use them to produce...

It has been suggested that, by generalizing Darwinian principles, a common foundation can bederived for all scientific disciplines dealing with evolutionary processes, especially forevolutionary economics. In this paper we show, however, that the principles of such a“Generalized Darwinism”...

Our empirical literature review shows that little is known about how firm performance changes withage, presumably because of the paucity of data on firm age. For Spanish manufacturing firms, weanalyse the firm performance related to firm age between 1998 and 2006. We find evidence thatfirms...

Normative reasoning in welfare economics and social contract theory usually presumesinvariable, context-independent individual preferences. Following recent work particularlyin behavioral economics this assumption is difficult to defend. This paper therefore exploreswhat can be said about...

This paper is an empirical test of the hypothesis that the appropriateness of differentbusiness strategies is conditional on the firm’s distance to the industry frontier. We usedata on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...

In this paper we present an overview of methods and components of formal economic modelsemploying evolutionary approaches. This compromises two levels: (1) techniques ofevolutionary modelling, including multi-agent modelling, evolutionary algorithms andevolutionary game theory; (2) building...

Recently evolutionary economists started to pay attention to ontological issues in theirown subfield. Two projects dominate the discussions: Generalized Darwinism(henceforth: GD), promoted by Geoff Hodgson and Thorbjørn Knudsen, and theContinuity Hypothesis (henceforth: CH), put forward by...

The theoretical literature identifies three important entrepreneurial dimensions,namely discovering new opportunities, responsiveness to uncertainty, and coordination of a firm.In the empirical literature, past experience has been identified as having an important influenceon organizational...

This paper revisits Ernst Engel's (1857) original article in which he systematically in-vestigated the relationship between consumption expenditure and income. While he ismainly remembered today for the discovery of Engel's law, we highlight how Engel ad-dressed in a particular way the issue of...