English

Evolutionary Socioeconomics: a Schumpeterian Computer Simulation

Computer Science and Game Theory 2007-05-23 v1 Computers and Society

Abstract

The following note contains a computer simulation concerning the struggle between two companies: the first one is "the biggest zaibatsu of all", while the second one is "small, fast, ruthless". The model is based on a neo-Schumpeterian framework operating in a Darwinian evolutionary environment. After running the program a large number of times, two characteristics stand out: -- There is always a winner which takes it all, while the loser disappears. -- The key to success is the ability to employ efficiently the technological innovations. The topic of the present paper is strictly related with the content of the following notes: Michele Tucci, Evolution and Gravitation: a Computer Simulation of a Non-Walrasian Equilibrium Model; Michele Tucci, Oligopolistic Competition in an Evolutionary Environment: a Computer Simulation. The texts can be downloaded respectively at the following addresses: http://arxiv.org/abs/cs.CY/0209017 http://arxiv.org/abs/cs.CY/0501037 These references include some preliminary considerations regarding the comparison between the evolutionary and the gravitational paradigms and the evaluation of approaches belonging to rival schools of economic thought.

Cite

@article{arxiv.cs/0604089,
  title  = {Evolutionary Socioeconomics: a Schumpeterian Computer Simulation},
  author = {Michele Tucci},
  journal= {arXiv preprint arXiv:cs/0604089},
  year   = {2007}
}

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