In this paper, scandals are considered as social mutants: they challenge the equilibrium status quo of a society that is embodied in its value system and its institutions. After a brief discussion of Ken Binmore's evolutionary theory of a social value equilibrium, we present the basic concepts...

Die evolutionäre Modellierung sozialer und ökonomischer Zusammenhänge ist gegenwärtig stark von der biologischen Evolutionstheorie geprägt. Der vorliegende Beitrag unternimmt eine ökonomische Intepretation der Evolutionskomponenten Selektion und Mutation. Ausgehend von den Besonderheiten...

This paper presents an evolutionary framework to investigate the economics of networks. It turns out that two key elements of standardization, i.e., network externalities and barriers to entry, have an evolutionary explanation. The analysis employs a new concept of evolutionary stability. In...