Economic Evolution, Learning, and Complexity

by Cantner, Uwe; Hanusch, Horst; Klepper, Steven

• ISBN13: 9783790812756
• ISBN10: 3790812757
• Edition: 1st
• Format: Hardcover
• Copyright: 2000-03-01
• Publisher: Springer Verlag

Summary

This book addresses central issues in evolutionary and Schumpeterian accounts of industrial competition, learning, and innovation. It contains a collection of twelve papers which are oriented toward exploring methodological issues in evolutionary and related scholarship. Reflecting the diversity of work in evolutionary scholarship, a range of methodologies are employed in the papers, including simulation, experiments, and econometric analysis. Some of the papers use well established models to takle new questions and problems. Others introduce entirely new approaches, which the authors indicate are still in a state of infancy and await further development. The collection attempts to raise even more interest in evolutionary economics, to provide some suggestions for future research directions, and to initiate a lively discussion of the issues raised.

Table of Contents

Introduction	1	(10)
Oligopoly and Learning
Norms as emergent properties of adaptive learning: The case of economic routines	11	(22)
Dosi G
Marengo L
Bassanini A
Valente M
An experimental study of adaptive behavior in an oligopolistic market game	33	(40)
Nagel R
Vriend N J
Horizontal heterogeneity, technological progress and sectoral development	73	(24)
Cantner U
Hanusch H
Pyka A
Industry Studies
Market share instability and stock price volatility during the industry life cycle: the US automobile industry	97	(30)
Mazzucato M
Semmler W
Knowledge spillovers in biotechnology: sources and incentives	127	(12)
Audretsch D B
Stephan P E
Chance, necessity and competitive dynamics in the Italian Steel Industry	139	(20)
Metcalfe J S
Calderini M
Econometric and Empirical Techniques
Detecting self-organisational change in economic processes exhibiting logistic growth	159	(26)
Foster J
Wild P
Modelling growth in economic systems as the outcome of a process of self-organisational change: a fuzzy regression approach	185	(24)
Morgan B
Foster J
Variety and economic development: conceptual issues and measurement problems	209	(36)
Frenken K
Saviotti P P
Trommetter M
Growth, Human Capital and Innovation
Reassessing the empirical validity of the human-capital augmented neoclassical growth model	245	(20)
Dinopoulos E
Thompson P
Institutions, entrepreneurship, economic flexibility and growth - experiments on an evolutionary micro-to-macro model	265	(22)
Eliasson G
Taymaz E
Governmental Learning and Policy
Interaction between public policies and technological competition under environmental risks	287
Laffond G
Lesourne J
Moreau F