nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2005‒04‒09
three papers chosen by
Matthew Baker
US Naval Academy, USA

  1. Biases in Perceptions, Beliefs and Behavior By Isabelle Brocas; Juan D. Carrillo
  2. Learning to trust By Nooteboom,Bart
  3. The social and industrial dynamics of retailing an evolutionary reconstruction By Nooteboom,Bart

  1. By: Isabelle Brocas; Juan D. Carrillo
    Date: 2005–04–05
  2. By: Nooteboom,Bart (Tilburg University, Center for Economic Research)
    Abstract: Trust is full of puzzle and paradox. Trust is both rational and emotional. Trust can go beyond calculative self-interest, but has its limits. People may want to trust, while they may also feel threatened by it. If trust is not in place prior to a relationship, on the basis of institutions, prior experience, or reputation, it has to be built up, in specific relations. For that one needs to learn, in the sense of building empathy, and perhaps a certain degree of identification. In an attempt at a better understanding of the puzzles and processes of trust, this chapter applies the perspective of 'embodied cognition', and insights from mental 'framing' and decision heuristics from social psychology.
    JEL: B52 D23 D83
    Date: 2005
  3. By: Nooteboom,Bart (Tilburg University, Center for Economic Research)
    Abstract: This paper reconstructs the long-term development of retailing, including industrial, economic and social antecedents and consequences. Among other things, it includes innovation in the form of the emergence and diffusion of successive novel types of shop (including self-service), relations between large and small firms in innovation and diffusion, change of demand conditions, institutional change concerning the opening time of shops, increase of scale and concentration, and social effects. For the analysis of the process and costs of retailing, use is made of queuing theory rather than customary production functions. The reconstruction is conducted in evolutionary terms of selection, variety generation and transmission. Scripts with nodes for component activities are used in analogy to chromosomes composed of genes. The paper concludes with a discussion of the usefulness of evolutionary economics, and offers suggestions for its development.
    JEL: B52 L22 L81 M13 O31 O33
    Date: 2005

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