Bridging the gap between Schumpeterian competition and evolutionary game theory

Publikation: Konferencebidrag uden forlag/tidsskriftPaper uden forlag/tidsskriftForskningpeer review

Abstrakt

This paper suggests that the analysis of Schumpeterian competition within the Nelson-Winter model should be complemented with evolutionary game theory. This model and its limitations for density-dependent Schumpeterian strategies are presented in terms of the equations of evolutionary dynamics. Formulated as evolutionary games, the set of strategies can easily be extended from innovators and imitators to routinists, complementors, and mixers. All strategies are presented in relation to a modified version of the Hawk-Dove Game. In this setting, the possibility of coexistence of several Schumpeterian strategies is proved. This is an example of Schumpeterian competition within evolutionary game theory.
OriginalsprogEngelsk
Publikationsdato2007
Antal sider20
StatusUdgivet - 2007
BegivenhedAppropriability, Proximity, Routines and Innovation - Danish Research Unit for Industrial Dynamics, Danmark
Varighed: 18 jun. 200720 jun. 2007

Konference

KonferenceAppropriability, Proximity, Routines and Innovation
LandDanmark
ByDanish Research Unit for Industrial Dynamics
Periode18/06/200720/06/2007

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  • Projekter

    Evolutionary Modelling of Economic Change (EMEC)

    Andersen, E. S.

    01/01/200031/12/2017

    Projekter: ProjektForskning

    Citationsformater

    Andersen, E. S. (2007). Bridging the gap between Schumpeterian competition and evolutionary game theory. Afhandling præsenteret på Appropriability, Proximity, Routines and Innovation, Danish Research Unit for Industrial Dynamics, Danmark. http://www2.druid.dk/conferences/viewpaper.php?id=1595&cf=9