Technical Change in an Evolutionary Model
The Quarterly Journal of EconomicsPublished 1 February 1976Open access
Richard R. Nelson, Sidney G. Winter, Herbert L. Schuette
Citations115
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TL;DR
This paper presents a specific evolutionary model that combines neoclassical theory and the evolutionary alternative, and results show that the model is suitable for simulation and real-world applications.
Abstract
I. Introduction: Neoclassical theory and the evolutionary alternative, 90, — II. A specific evolutionary model, 93. — III. Calibration of the model, 98. — IV. Simulation results, 102. — V. Conclusion, 116.
Keywords
Business, Management and Accounting
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