nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2005‒07‒25
four papers chosen by
Karl Petrick
Leeds Metropolitan University

  1. An Evolutionary Approach to the Process of Technology Difussion and Standardization By JAVIER CARRILLO
  2. Learning, Institutions, and Economic Performance By Chrysostomos Mantzavinos; Douglas C. North; Syed Shariq
  3. The Institutional-Evolutionary Antitrust Model By Chrysostomos Mantzavinos
  4. The link between the diversity of productive models and the variety of capitalisms By Yannick LUNG (E3i, IFReDE-GRES & GERPISA)

  1. By: JAVIER CARRILLO (Instituto de Empresa)
    Abstract: (WP 20/03 Clave pdf) The study described here aims to make a threefold contribution to the analysis of technology diffusion. It tries to offer a new approach to the study of the dynamic of innovation diffusion, not from the traditional perspective of the rate at which one new technology is fully adopted, but the extent of the diffusion of several technologies and the related phenomenon of standardization. It aims to show a broadened and evolutionary view of the process of technology standardization. Finally, it tries to identify and evaluate the relationships existing between the main characteristics of industries and the attributes of the technology standardization processes in them.
    Keywords: Agent-based models, Evolutionary models, Lock-in , Standardization, Technology difussion
    Date: 2003–12
  2. By: Chrysostomos Mantzavinos (Faculty of Economics and Business, Witten/Herdecke University); Douglas C. North (Washington University, St. Louis); Syed Shariq (Institute for International Studies, Stanford University)
    Abstract: In this article, we provide a broad overview of the interplay among cognition, belief systems, and institutions, and how they affect economic performance. We argue that a deeper understanding of institutions’ emergence, their working properties, and their effect on economic and political outcomes should begin from an analysis of cognitive processes. We explore the nature of individual and collective learning, stressing that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason and choose, individually and in collective settings. We then tie the processes of learning to institutional analysis, providing arguments in favor of what can be characterized as “cognitive institutionalism.” Besides, we show that a full treatment of the phenomenon of path dependence should start at the cognitive level, proceed at the institutional level, and culminate at the economic level.
    Date: 2003–12
  3. By: Chrysostomos Mantzavinos (Faculty of Economics and Business, Witten/Herdecke University)
    Abstract: The purpose of this article is to provide an alternative antitrust model to the mainstream model that is used in competition policy. I call it the Institutional-Evolutionary Antitrust Model. In order to construct an antitrust model one needs both empirical knowledge and considerations of how to adequately deal with norms. The analysis of competition as an evolutionary process that unfolds within legal rules provides the empirical foundation for the model. The development of the normative dimension involves the elaboration of a comparative approach. Building on those foundations the main features of the Institutional-Evolutionary Model are sketched out and it is shown that its use leads to systematically different outcomes and conclusions than the dominant antitrust ideals.
    Keywords: Antitrust, Competition, Competition Policy, Evolutionary Process, Institutions
  4. By: Yannick LUNG (E3i, IFReDE-GRES & GERPISA)
    Abstract: Prepared within the framework of the ESEMK project supported by the EU (FP6, Priority 7, CIT-CT-2004-506077 The European Socio-Economic Models of a Knowledge-based society), this paper discusses the linking between the variety of capitalism and the diversity of organisational forms for firms. This linking is illustrated through the case of the car industry. First part presents the works based on the hypothesis of an institutional isomorphism between the macro-level and the organisation. Second part tries to link analytical grids which integrate the diversity of institutional forms at the macro, meso and micro-levels.
    Keywords: car industry, institution, institutional isomorphism, organisation of the firm, productive models, sector, variety of capitalism
    JEL: B52 L20 L62 P50
    Date: 2005

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