An Evolutionary Model Of The Size Distribution Of Firms

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An Evolutionary Theory of Economic Change

Author : Richard R. Nelson
Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)

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Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson

Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Technical Change in an Evolutionary Model

Author : Richard R. Nelson
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Technical Change in an Evolutionary Model by : Richard R. Nelson

Download or read book Technical Change in an Evolutionary Model written by Richard R. Nelson and published by . This book was released on 1973 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Growth of Firms

Author : Alex Coad
Publisher : Edward Elgar Publishing
ISBN 13 : 1848449100
Total Pages : 209 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis The Growth of Firms by : Alex Coad

Download or read book The Growth of Firms written by Alex Coad and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.

Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy

Author : Zoltan J. Acs
Publisher : Cambridge University Press
ISBN 13 : 9780521621052
Total Pages : 426 pages
Book Rating : 4.6/5 (21 download)

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Book Synopsis Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy by : Zoltan J. Acs

Download or read book Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy written by Zoltan J. Acs and published by Cambridge University Press. This book was released on 1999 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published in 1999. At this time, the US economy had recently restructured itself, moving away from an industrial economy towards one based on information, while the European Union and Japan were left to worry about rising government deficits, inflexible businesses, persistent unemployment, and workers inadequately trained for the information age. Why did the US economy move beyond its chief competitors? This collection suggests that at least some of the answers to the pattern of divergent development can be found in the role of the entrepreneur. By examining the process that entrepreneurs play in the economy, the essays in this volume make a fundamental contribution to our understanding of the macroeconomy. Each chapter clarifies the role of entrepreneur in economic theory, the function of small and medium-size enterprises that they found and build and the impact of the innovations introduced on employment, productivity, and economic growth.

Stochastic Portfolio Theory

Author : E. Robert Fernholz
Publisher : Springer Science & Business Media
ISBN 13 : 1475736991
Total Pages : 190 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Stochastic Portfolio Theory by : E. Robert Fernholz

Download or read book Stochastic Portfolio Theory written by E. Robert Fernholz and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic portfolio theory is a mathematical methodology for constructing stock portfolios and for analyzing the effects induced on the behavior of these portfolios by changes in the distribution of capital in the market. Stochastic portfolio theory has both theoretical and practical applications: as a theoretical tool it can be used to construct examples of theoretical portfolios with specified characteristics and to determine the distributional component of portfolio return. This book is an introduction to stochastic portfolio theory for investment professionals and for students of mathematical finance. Each chapter includes a number of problems of varying levels of difficulty and a brief summary of the principal results of the chapter, without proofs.

The Rise and Fall of Business Firms

Author : S. V. Buldyrev
Publisher : Cambridge University Press
ISBN 13 : 1316811875
Total Pages : 239 pages
Book Rating : 4.3/5 (168 download)

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Book Synopsis The Rise and Fall of Business Firms by : S. V. Buldyrev

Download or read book The Rise and Fall of Business Firms written by S. V. Buldyrev and published by Cambridge University Press. This book was released on 2020-08-13 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the intersection between statistical physics and rigorous econometric analysis, this powerful new framework sheds light on how innovation and competition shape the growth and decline of companies and industries. Analyzing various sources of data including a unique micro level database which collects historic data on the sales of more than 3,000 firms and 50,000 products in 20 countries, the authors introduce and test a model of innovation and proportional growth, which relies on minimal assumptions and accounts for the empirically observed regularities. Through a combination of extensive stochastic simulations and statistical tests, the authors investigate to what extent their simple assumptions are falsified by empirically observable facts. Physicists looking for application of their mathematical and modelling skills to relevant economic problems as well as economists interested in the explorative analysis of extensive data sets and in a physics-orientated way of thinking will find this book a key reference.

Human resource management within small and medium-sized enterprises

Author : Jan de Kok
Publisher : Rozenberg Publishers
ISBN 13 : 9051707053
Total Pages : 188 pages
Book Rating : 4.0/5 (517 download)

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Book Synopsis Human resource management within small and medium-sized enterprises by : Jan de Kok

Download or read book Human resource management within small and medium-sized enterprises written by Jan de Kok and published by Rozenberg Publishers. This book was released on 2003 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Entrepreneurship, Growth, and Innovation

Author : Enrico Santarelli
Publisher : Springer Science & Business Media
ISBN 13 : 9780387288680
Total Pages : 318 pages
Book Rating : 4.2/5 (886 download)

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Book Synopsis Entrepreneurship, Growth, and Innovation by : Enrico Santarelli

Download or read book Entrepreneurship, Growth, and Innovation written by Enrico Santarelli and published by Springer Science & Business Media. This book was released on 2006-03-29 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of different national cases (including, Germany, Greece, Italy, Portugal, Turkey, the Netherlands, and the United States) puts forward that the relationship between entrepreneurship and growth (via innovation) is shaped by the context of country-specific institutions and industries, thereby providing hints for industrial and innovation policy.

The Theory of the Firm

Author : Nicolai J. Foss
Publisher : Taylor & Francis
ISBN 13 : 9780415196413
Total Pages : 536 pages
Book Rating : 4.1/5 (964 download)

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Book Synopsis The Theory of the Firm by : Nicolai J. Foss

Download or read book The Theory of the Firm written by Nicolai J. Foss and published by Taylor & Francis. This book was released on 2000 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Bibliography of Economics

Author : Compiled by the British Library of Political and Economic Science
Publisher : Psychology Press
ISBN 13 : 9780415262361
Total Pages : 720 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis International Bibliography of Economics by : Compiled by the British Library of Political and Economic Science

Download or read book International Bibliography of Economics written by Compiled by the British Library of Political and Economic Science and published by Psychology Press. This book was released on 2001-11-22 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.

Are Small Firms Important? Their Role and Impact

Author : Stephen Ackermann
Publisher : Springer Science & Business Media
ISBN 13 : 1461551730
Total Pages : 180 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Are Small Firms Important? Their Role and Impact by : Stephen Ackermann

Download or read book Are Small Firms Important? Their Role and Impact written by Stephen Ackermann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.

Global Information Technologies: Concepts, Methodologies, Tools, and Applications

Author : Tan, Felix B.
Publisher : IGI Global
ISBN 13 : 1599049406
Total Pages : 4194 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis Global Information Technologies: Concepts, Methodologies, Tools, and Applications by : Tan, Felix B.

Download or read book Global Information Technologies: Concepts, Methodologies, Tools, and Applications written by Tan, Felix B. and published by IGI Global. This book was released on 2007-10-31 with total page 4194 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This collection compiles research in all areas of the global information domain. It examines culture in information systems, IT in developing countries, global e-business, and the worldwide information society, providing critical knowledge to fuel the future work of researchers, academicians and practitioners in fields such as information science, political science, international relations, sociology, and many more"--Provided by publisher.

Industrial Organization in Context

Author : Stephen Martin
Publisher : Oxford University Press, USA
ISBN 13 : 0199291195
Total Pages : 1021 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Industrial Organization in Context by : Stephen Martin

Download or read book Industrial Organization in Context written by Stephen Martin and published by Oxford University Press, USA. This book was released on 2010-04-22 with total page 1021 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Organization in Context examines the economics of markets, industries and their participants and public policy towards these entities. It takes an international approach and incorporates discussion of experimental tests of economic models.

The Dynamics of Growth in Emerging Economies

Author : Arzu Akkoyunlu Wigley
Publisher : Routledge
ISBN 13 : 0429790732
Total Pages : 345 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis The Dynamics of Growth in Emerging Economies by : Arzu Akkoyunlu Wigley

Download or read book The Dynamics of Growth in Emerging Economies written by Arzu Akkoyunlu Wigley and published by Routledge. This book was released on 2018-12-19 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can Turkey increase its medium- and long-term growth potential? Despite episodes of fast growth, this has become a vital question for the Turkish economy, in order to avoid being stuck in a middle-income trap. There has been an increase in the number of studies presenting growth in Turkey and quantifying the sources of economic growth, however, due to the difference in the main underlying assumptions and the time period covered in these studies, the results differ. The second strand of literature on growth in Turkey identifies the relative underperformance of the Turkish economy by developing models with microeconomic foundations. Given the fact that there are a large number of studies investigating the macro dynamics of growth in Turkey, the book’s unique focus on the "neglected" issues in growth discussions closes the gap in the existing literature. It addresses the micro, macro, regional, and gender aspects, the environment–energy–growth nexus, as well as the microeconomic dynamics of growth. It also analyses the other significant determinants of long run growth in Turkey such as import dependency and saving-investment decision. The authors provide a macro overview of all of the precluded subjects in order to evaluate them in relation to one other, as well as to derive policy conclusions from them. This book primarily targets academics as well as graduate and undergraduate social sciences and humanities students both in Turkey and other countries. It is also a must read for researchers and policy makers not only in Turkey but also in other developing economies and is of interest to specialists of non-governmental and non-profit organizations.

Business Dynamics and Productivity

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264269231
Total Pages : 226 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Business Dynamics and Productivity by : OECD

Download or read book Business Dynamics and Productivity written by OECD and published by OECD Publishing. This book was released on 2017-03-31 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication focuses on business dynamics across eight countries (Belgium, Brazil, Canada, Costa Rica, Japan, New Zealand, Norway, United Kingdom) and over time, building upon the evidence collected in the framework of the OECD DynEmp project for 22 countries.

Networks, Topology and Dynamics

Author : Ahmad K. Naimzada
Publisher : Springer Science & Business Media
ISBN 13 : 3540684093
Total Pages : 292 pages
Book Rating : 4.5/5 (46 download)

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Book Synopsis Networks, Topology and Dynamics by : Ahmad K. Naimzada

Download or read book Networks, Topology and Dynamics written by Ahmad K. Naimzada and published by Springer Science & Business Media. This book was released on 2008-11-14 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is convergent consensus among scientists that many social, economic and ?nancial phenomena can be described by a network of agents and their inter- tions. Surprisingly, even though the application ?elds are quite different, those n- works often show a common behaviour. Thus, their topological properties can give useful insights on how the network is structured, which are the most “important” nodes/agents, how the network reacts to new arrivals. Moreover the network, once included into a dynamic context, helps to model many phenomena. Among the t- ics in which topology and dynamics are the essential tools, we will focus on the diffusion of technologies and fads, the rise of industrial districts, the evolution of ?nancial markets, cooperation and competition, information ?ows, centrality and prestige. The volume, including recent contributions to the ?eld of network modelling, is based on the communications presented at NET 2006 (Verbania, Italy) and NET 2007 (Urbino, Italy); offers a wide range of recent advances, both theoretical and methodological, that will interest academics as well as practitioners. Theory and applications are nicely integrated: theoretical papers deal with graph theory, game theory, coalitions, dynamics, consumer behavior, segregation models and new contributions to the above mentioned area. The applications cover a wide range: airline transportation, ?nancial markets, work team organization, labour and credit market.

Innovation, Organization and Economic Dynamics

Author : Giovanni Dosi
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782541851
Total Pages : 728 pages
Book Rating : 4.5/5 (418 download)

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Book Synopsis Innovation, Organization and Economic Dynamics by : Giovanni Dosi

Download or read book Innovation, Organization and Economic Dynamics written by Giovanni Dosi and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the