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development ‘fromwithin’ (macro). It is argued that Schumpeter paved the way for a new micro–meso–macro framework in economics … genericequilibrium. Economic development occurs at the deep level as transition from onegeneric rule to another, inducing a change of …
Persistent link: https://www.econbiz.de/10005865996
entrepreneurialopportunities, but also the further development of the entrepreneurial venture is dependent onsubjective opportunity perception and …
Persistent link: https://www.econbiz.de/10005866001
Recently, it has been suggested that the process of economic development should ideally be viewed as a … aspects have only been inadequately addressed in development theory. This paperargues that social-cognitive vicarious learning …, values), behaviour and environment. Our analysis is basedon a survey of the Indian trans-Himalayan regions. The development …
Persistent link: https://www.econbiz.de/10005866006
of theexternal events, is internally generated. This distinction is made explicit inSchumpeter’s account of ‘development …
Persistent link: https://www.econbiz.de/10005866040
of accounting concepts that are central to anyunderstanding of processes of evolution of the variation and selective …
Persistent link: https://www.econbiz.de/10005866047
The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...
Persistent link: https://www.econbiz.de/10005866870
, selection and retention (or inheritance) can be used as ageneral framework for the development of theories explaining …
Persistent link: https://www.econbiz.de/10005867727
IntroductionEntrepreneurship is a fundamental driver of economic evolution. It is also a distinctly spatially … unevenprocess, and thus an important explanation of the uneven economic development of regions andnations. Not surprisingly …) and has been recognized as animportant element in explaining (regional) economic development (Acs and Armington 2004 …
Persistent link: https://www.econbiz.de/10005867730
entire process of instructed development than to fullydeveloped organisms.[...] …
Persistent link: https://www.econbiz.de/10005867749
We demonstrate that in simple 2 X 2 games (cumulative) prospect theorypreferences can be evolutionarily stable, i.e. a population of players withprospect theory preferences can not be invaded by more rational players. Thisholds also if probability weighting is applied to the probabilities of...
Persistent link: https://www.econbiz.de/10005868526