Evolutionary models’ comparative analysis. Methodology proposition based on selected neo-schumpeterian models of industrial dynamics
AbstractA methodology of comparative analysis of evolutionary models is proposed. The main aim of this proposition is to identify to what extend different models can be called âevolutionary onesâ. Each model is analysed by searching for answers to following questions: Is the model dynamical one? Is it focused on far-from-equilibrium analysis? What are a unit of evolution and a unit of selection? Is diversity and heterogeneity of economic agents and their behaviour observed? Is search for innovation based on a concept of hereditary information (knowledge)? What kinds of innovation does the model describe? Does selection process lead to diversified rate of growth and spontaneity of development? How economic agents set prices? What kind of products are described by the model? Are decision making procedures and investment procedures present in the model? Outline of selected schumpeterian models is accompanied by identification of crucial evolutionary characteristics of each model and a short indication of phenomena explained by that model.
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Date of creation: 22 Mar 2002
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Evolutionary economics; neo-schumpeterian models; simulation;
Find related papers by JEL classification:
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
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