Showing 1 - 10 of 101
We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets … industries. The required innovation is to use information measures to impose an order on the routines constituting a firm, and by …, the coherent mathematical framework provided by information and probability theory describes firm orderliness and …
Persistent link: https://www.econbiz.de/10005118538
innovation. Our effort is trying to view the evolution of this artifact from memetics. By constructing a phylomemetic tree based …Cellular phone is one of the most developing technological artifacts today. The evolution occurs through random … algorithm to construct cellphone phylomemetic tree. Therefore we compare with the innovation tree, which is based on serial …
Persistent link: https://www.econbiz.de/10005412917
GERMAN ABSTRACT: Wissensmanagement und Controlling werden seit Jahrzehnten parallel in der betriebswirt … hat zum Ziel, diese Schnittstelle anhand des beiden Bereichen gemeinsamen Forschungsobjektes unternehmensrelevantes Wissen … Vergütungssystemen und Kennzahlensystemen in diesem Schnittstellenbereich vorgenommen. ENGLISH ABSTRACT: Knowledge management and …
Persistent link: https://www.econbiz.de/10005413095
Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting … painful, and more certain than adapting rules through chance-based evolution. …
Persistent link: https://www.econbiz.de/10005118854
In many markets it is possible to find rival sellers charging different prices for the same good. Earlier research has attempted to explain this phenomenon by demonstrating the existence of dispersed price equilibria when consumers must make use of costly search to discover prices. We ask...
Persistent link: https://www.econbiz.de/10005118556
A standard assumption in the economic approach to individual decision making is that people have independent preferences, that is, they care only about their absolute (material) payoffs. We study equilibria of the classic common pool resource extraction and public good games when some of the...
Persistent link: https://www.econbiz.de/10005118564
The paper compares two models of evolution in symmetric two-player games with incomplete information. One model … postulates that the type of a player is fixed, and evolution works within types. In the other model type-contingent strategies …
Persistent link: https://www.econbiz.de/10005118573
We consider a local interaction model with a population on an h dimensional torus, in which in each round of play a random player gets a learning draw. This player plays a k+1 action stage game with players in his neighborhood, compares his own average payoff with the average payoff of the...
Persistent link: https://www.econbiz.de/10005118616
Persistent link: https://www.econbiz.de/10005119191
We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is...
Persistent link: https://www.econbiz.de/10005062353