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Modeling Adaptive Learning: R&D Strategies in the Model of Nelson & Winter (1982)

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Author Info
Murat Yildizoglu

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Abstract

This article aims to test the relevance of learning through Genetic Algorithms (GA) and Learning Classifier Systems (LCS), in opposition with fixed R&D rules, in a simplified version of the evolutionary industry model of Nelson and Winter. These three R&D strategies are compared from the points of view of industry performance (welfare): the results of simulations clearly show that learning is a source of technological and social efficiency.

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Publisher Info
Paper provided by Equipe Industries Innovation Institutions, Université Bordeaux IV, France in its series Working Papers with number 2001-1.

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Date of creation: 2001
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Handle: RePEc:iii:wpeiii:2001-1

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Related research
Keywords: Learning; Learning Classifier Systems; Bounded Rationality; Technical Progress; Innovation;

Find related papers by JEL classification:
O3 - Economic Development, Technological Change, and Growth - - Technological Change
L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information

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This page was last updated on 2009-11-27.


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