nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2005‒06‒19
two papers chosen by
Matthew Baker
US Naval Academy, USA
  1. Analogy-Based Expectation Equilibrium By Philippe Jehiel
  2. Evolutionary analysis of the firm and internal selection By Nadia Jacoby
  1. By: Philippe Jehiel
    Date: 2005–06–13
    URL: http://d.repec.org/n?u=RePEc:cla:levrem:784828000000000106&r=evo
  2. By: Nadia Jacoby (MATISSE)
    Abstract: Evolutionary approaches of the firm devote a part of their analysis to firm behavior and to some processes acting inside the firm , however the internal workings of firms are, most of the time, not deeply analyzed. In this perspective, this paper attemps to investigate whether Ç we can drop internal selection in the evolutionary analysis of the firm È. In ordre to answer this question, we propose a micro-simulation model of internal selection where firms are engaged in production and R&D activities. They carry out two kinds of R&D and do not run any imitation process. Internal selection acts on R&D projects and we measure the impact of the selection mechanism on the firm's performances. The model generates persistent differences between firms according to their internal selection process.
    Keywords: Innovation, internal selection, market dynamics, R&D, technological performance
    JEL: C63 L11 L21 O32
    Date: 2005–05
    URL: http://d.repec.org/n?u=RePEc:mse:wpsorb:r05042&r=evo
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