Showing 1 - 10 of 61
The Conflict Analysis approach by Hipel and Fraser (1984) is well equipped to model repeated games. Players are assumed to posses a sequential reasoning that allows them to (not necessarily correctly) anticipate the reaction of other players to their strategies. An individual’s best response...
Persistent link: https://www.econbiz.de/10014157070
We present a novel argument demonstrating that when trade is characterized by uncertainty the comparative advantages doctrine is misleading and a positive level of diversification is growth enhancing. Applying a result developed in the mathematical biological literature, we show that, in...
Persistent link: https://www.econbiz.de/10012729579
This paper links the rise of new industries populated by skill-intensive companies, and the divergence in labour incomes between skills. Our model explains inequality by the fact that as the skilled workers move towards new Silicon-Valley type firms, the reduced complementarity between skilled...
Persistent link: https://www.econbiz.de/10010328353
We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop an evolutionary model with agentbased...
Persistent link: https://www.econbiz.de/10010328363
We consider a simple pure exchange economy with two assets, one riskless, yielding a constant return, and one risky, paying a stochastic dividend, and we assume trading to take place in discrete time inside an endogenous price formation setting. Traders demand for the risky asset is expressed as...
Persistent link: https://www.econbiz.de/10010328367
The paper, as such a draft of a chapter for the second edition of the 'Handbook of Economic Socielogy', Edited by Neil J. Smelser and Richard Swedberg, is meant to offer some sort of roadmap accross a few fields of investigation concerning the relationships between technological learning and...
Persistent link: https://www.econbiz.de/10010328380
The paper attempts to interpret a few stylized facts of international economic growth by means of an open economy evolutionary model. The idea is that growth models that incorporate a richer representation of the properties and effects of technological change can give a better explanation of the...
Persistent link: https://www.econbiz.de/10010328390
In this paper we compare the patterns of trade and financial integration by exploiting network analysis. Our results show that, by combining binary and weighted network analysis, it is possible to deliver more precise and thorough insights on the topological structure and properties of the...
Persistent link: https://www.econbiz.de/10010328391
Persistent link: https://www.econbiz.de/10010328393
The behavioral theory of the firm has been acknowledged as one of the most fundamental pillars on which evolutionary … theory of organizations (and business firms in particular), and we suggest that evolutionary theory should coherently embrace …
Persistent link: https://www.econbiz.de/10010328401