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deviations in market structure from global competition, implicitly assumed in Dosi et al. (2017b). This extension makes it … possible to disentangle the effects of two modes of competition: the global competition for sales and the localised competition … intensive local competition. Our model also contests the conventional wisdom derived from a general equilibrium setting that …
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Cooperation in social dilemmas plays a pivotal role in the formation of systems at all levels of complexity, from replicating molecules to multi-cellular organisms to human and animal societies. In spite of its ubiquity, the origin and stability of cooperation pose an evolutionary conundrum,...
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We set up an agent-based macromodel focusing on consumption-saving without the assumption of utility maximization, but preserving certain "rational" aspects of human choice based on the idea of ecological rationality Todd et al. (2012). In this framework we address the classical problem of the...
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