Schumpeterian process competition, welfare and laissez-faire: An experiment in artificial economic evolution
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- Wakeley, Tim, 2002. "The New Evolutionary Microeconomics: Complexity, Competence and Adaptive Behaviour: Jason Potts; Cheltenham: Edward Elgar, xii + 239. Hardcover 2000, ISBN 1-84064-543-1, [UK pound]49.95, $80.00; Paper," Journal of Economic Psychology, Elsevier, vol. 23(2), pages 279-286, April.
- Powell, John H. & Wakeley, Timothy M., 2003. "Evolutionary concepts and business economics: Towards a normative approach," Journal of Business Research, Elsevier, vol. 56(2), pages 153-161, February.
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KeywordsArtificial economic evolution ; Schumpeterian competition ; Bounded rationality ; Collusion ; Laissez-faire;
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
- D6 - Microeconomics - - Welfare Economics
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