In the paper we develop the concept of social evolution and aspiration learning in duopolistic industries. Social learning is analysed in the framework of the model in which aspirations are linked to the normal profit of the economy. The general algorithm of social evolution and learning for...

We model a two-stage duopolistic competition in a vertically differentiated eastern market between the eastern and western firms. In the first stage firms compete in R&D, and in the second stage in prices. Consumers in eastern market are distributed uniformly according to their income, and...

This paper examines the effects of changes in information - processing technology on the efficient organizational forms of data - processing in decision - making systems. Data-processing is modelled in the framework of the dynamic parallel processing model of associative computation with an...

Foreign direct investment (FDI) brings host countries capital, productive facilities, and technology transfer, as well as new jobs and management expertise. Thus, it is important to understand why in many transition countries FDI inflow is lower than expected. The goal of this study is to...