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"The analytical challenge in such constantly shifting environments, explained Friedrich Hayek in his 1974 Nobel acceptance speech, is to understand an economy as an 'organized complexity.' Although the term 'complex systems' wasn't yet well established, Hayek recognized structures of 'essential...
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Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes myopic behavior of the agents in the sense that they do not forecast how others might react to their actions. Assuming that agents are farsighted, related stability concepts have...
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The upheavals of recent decades show us that traditional models of understanding processes of social and economic change are failing to capture real-world risk and volatility. This has resulted in flawed policy that seeks to capture change in terms of the rise or decline of regimes or regions....
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Technologien untersucht. Es wird ge-zeigt, dass es zu steigenden Erträgen der Adoption kommen kann, wenn verwandte Technologien … Entwick-lung führen. Dies bedeutet, dass die Wahrscheinlichkeit der Adoption einer Technologie mit der Anzahl der zu … Adoption neuer Technologien in Firmen strategische Bedeutung hat da sich daraus Möglichkeiten zur Durchführung von Innovationen …
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