Showing 1 - 10 of 50
Persistent link: https://www.econbiz.de/10011120811
This paper delivers a step toward a naturalistic foundation of the social contract. While mainstream social contract theory is based on an original position model that is defined in an aprioristic way, we endogenize its key elements, i.e., develop them out of the individuals’ moral common...
Persistent link: https://www.econbiz.de/10005698939
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be “wasteful” in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being....
Persistent link: https://www.econbiz.de/10008805390
Persistent link: https://www.econbiz.de/10010639430
This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that make metaphorical use of Darwinian ideas, and avenues that are based on the fact that...
Persistent link: https://www.econbiz.de/10011140918
This article relates agents' learning of a preference for a technology, competition of technologies, and their relative diffusion among potential adopters. Competitive interactions between two technologies are captured by an extended Lotka–Volterra model. To also incorporate preference...
Persistent link: https://www.econbiz.de/10010737827
We offer a theory of spinoffs that explains some salient aspects of these important market entrants. In infant industries, a great share of new market opportunities is depleted by firms that spinoff from incumbents. A model emphasizing the relation between incumbents’ evolving corporate...
Persistent link: https://www.econbiz.de/10011001848
This new and original collection of papers focuses on the intersection of three strands of research: evolutionary economics, behavioral economics, and management studies. Combining theoretical and empirical contributions, the expert contributors demonstrate that the intersection of these fields...
Persistent link: https://www.econbiz.de/10011179787
During phylogeny, man adapted for culture in ways other primates did not. This key adaptation is the one that enabled humans to understand other individuals as intentional agents like the self. This genetic event opened the way for new and powerful cultural processes but did not specify the...
Persistent link: https://www.econbiz.de/10005068172
This paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size of a profit-maximizing firm can be determined by cognitive aspects underlying firm-internal cultural transmission processes. We argue that what firms do better than markets...
Persistent link: https://www.econbiz.de/10005588050