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The paper presents an Agent-Based extension of Nelson-Winter model of schumpeterian competition. The original version did not provide any insight about the direction of firms innovative activities and of technological change as a whole. As a result, it lacked an explicit structure governing...
Persistent link: https://www.econbiz.de/10010343814
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The structural changes that occurred in the last 30 years have substantially modified the capitalistic organization of society, both at national and international level. A new regime of accumulation devoid of a stable mode of regulation and centred on financial valorisation of new socio-economic...
Persistent link: https://www.econbiz.de/10010343883