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The narrow and broad approaches to evolutionary modeling in economics

Abstract:

Some models in evolutionary economics rely on direct analogies to genetic evolution, assuming a population of firms with routines, technologies, and strategies on which forces of diversity generation and selection act. This narrow conception can build upon previous findings from evolutionary biology. Broader concepts of evolution allow many or just one adaptive entity, instead of necessarily requiring a population. Thus, an institution or a society can also be understood as an evolutionary en...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

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Publisher copy:
10.1080/00213624.2017.1320912

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Institution:
University of Oxford
Department:
Oxford, MPLS, Mathematical Institute
Role:
Author
Publisher:
Routledge Publisher's website
Journal:
Journal of Economic Issues Journal website
Volume:
51
Issue:
2
Pages:
383-391
Publication date:
2017-05-19
Acceptance date:
2017-02-26
DOI:
EISSN:
1946-326X
ISSN:
0021-3624
Pubs id:
pubs:691602
URN:
uri:d50b90de-df23-4402-a9a9-c2b5591e6369
UUID:
uuid:d50b90de-df23-4402-a9a9-c2b5591e6369
Local pid:
pubs:691602
Paper number:
2

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