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Entrepreneurship and Business Groups:An Evolutionary Perspective on the Growth of the Koç Group in Turkey
Business Groups Turkey Entrepreneurship In Emerging Markets Entrepreneurship History
2015/4/28
This working paper examines the origins and development of the Koç Group, which grew to be the largest business group in Turkey. This enterprise was an important actor in the emergence of modern ...
Competition as an Evolutionary Process and Antitrust Policy
Competition Evolutionary Process Antitrust Policy
2014/11/27
The antitrust debate in the United States has been grounded and guided by principles derivedf rom equilibrium-basede conomics. However, these principles mischaracterizek eyelements of real economies. ...
Human Development Dynamics: An Agent Based Simulation of Social Systems and Heterogeneous Evolutionary Games
Economic Development Cultural Shift Democratization Game Theory Agent Based Model System Dynamics
2014/8/8
Combining a system dynamics and agent based modeling approach, we formalize a simulation framework of the Human Development (HD) perspective. We first capture the core logic of HD theory in a asymmet...
Evolutionary Model of the Growth and Size of Firms
firm size distribution firm growth Gibrat's law product growth size-variance relationship growth rate distribution Subbotin distribution Laplace distribution Pareto distribution price distribution human activity evolutionary economics product life cycle learning curve market size Hendersons law law of diminishing returns competitive markets
2012/9/14
The key idea of this model is that firms are the result of an evolutionary process. Based on demand and supply considerations the evolutionary model presented here derives explic...
A note on evolutionary stochastic portfolio optimization and probabilistic constraints
note evolutionary stochastic portfolio optimization probabilistic constraints
2010/10/18
In this note, we extend an evolutionary stochastic portfolio optimization framework to include probabilistic constraints. Both the stochastic programming-based modeling environment as well as the evol...
A note on evolutionary stochastic portfolio optimization and probabilistic constraints
evolutionary stochastic portfolio optimization probabilistic constraints
2010/10/18
In this note, we extend an evolutionary stochastic portfolio optimization framework to include probabilistic constraints. Both the stochastic programming-based modeling environment as well as the evol...
Association for Evolutionary Economics（AFEE）
Evolutionary Economics AFEE Political Economy
2010/1/28
The Association for Evolutionary Economics (AFEE) is an international organization of economists and other social scientists devoted to analysis of economics as evolving, socially constructed and poli...
European Association for Evolutionary Political Economy（EAEPE）
European Association for Evolutionary Political Economy EAEPE
2010/1/4
The European Association for Evolutionary Political Economy originates from a meeting at a conference in London, on 29 June 1988. The main purpose in forming the association was to promote evolutionar...
Doves and hawks in economics revisited. An evolutionary quantum game theory-based analysis of financial crises
Doves hawks evolutionary quantum game theory-based
2010/11/1
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of...
Evolutionary multi-stage financial scenario tree generation
Optimization under uncertainty scenario generation scenario optimization financial decision theory risk management
2010/11/3
Multi-stage financial decision optimization under uncertainty depends on a careful numerical approximation of the underlying stochastic process, which describes the future returns of the selected asse...
Law, Economics and the Institutional Approach to Development and Transition: towards an Evolutionary Perspective
Law, Economics Institutional Approach to Development and Transition towards an Evolutionary Perspective
2014/6/25
The principles underlying evolutionary psychology suggest an approach to Law and Economics that tends to reject top-down policy making and encourages a bottom-up stance, whereby rules lead to behavior...