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affiliation-motivated individuals engaged in game-play. The first model captures learning by motivated agents during strategic … interactions. The second model captures the evolution of a society of motivated agents. It is demonstrated that misperception, when …
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This chapter reviews and integrates much of what has been learned on the processes of technological evolution, their … main features, and their effects on the evolution of industries. First, we map and integrate the various pieces of evidence …
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The purpose of this paper is to show how institutional and evolutionary economics provide better insights as to whysome firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that new firms are a manifestation of diversity and that...
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