Showing 1 - 10 of 27
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
Persistent link: https://www.econbiz.de/10011120811
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
This paper delivers some findings from the present-day cognitive sciences on man’s cognitive dispositions that support aspects of Veblen’s "nstinct of workmanship," which is an essential starting point of his evolutionary theory of institutional change. These cognitive dispositions partly...
Persistent link: https://www.econbiz.de/10005588057
This paper analyzes how the qualitative change in human labor occurs in mutual dependence with the advancement of the epistemic base of technology. Historically, a recurrent pattern can be identified: humans learned to successively transfer labor qualities to machines. The subsequent release of...
Persistent link: https://www.econbiz.de/10005765335
This paper incorporates aspects of humans’ evolved cognition into a formal model of cultural evolution and scrutinizes their interactions with population-level processes. It is shown how the biased transmission of different kinds of behavior via cultural learning processes influences agents’...
Persistent link: https://www.econbiz.de/10005765353