theory in the absence of some evidence that there are forces in the economy which propel it to equilibrium, without …

The purpose of this paper is to discuss the importance of knowledge, both tacit and codified, in the formation of the … takes the post-Keynesian theory as reference, associating it with the neo-Schumpeterian analysis of innovation dynamics …. First, it is argued that knowledge plays a crucial role in building agents' confidence, emphasizing that radical innovations …

observe that (i) all the relevant information in the learning dynamics is encoded in the input decisions; (ii) firms are able …Consider a multi-sector general equilibrium model where firms have incomplete information about the returns to scale of … their production and where that information is sequentially updated once real production is observed. What is the impact of …

This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …

theory of melioration is to exclusively play A, while the Nash equilibrium is to almost exclusively play B. The predictive … learning processes exhibited by players. …