Understanding the behavior of individuals and firms is at the heart of evolutionary economics, and of related fields such as behavioral economics, management, and psychology. This book brings together a set of cutting-edge theoretical and empirical contributions addressing individual agents, the evolution of firm organization, as well as the interplay of firm dynamics and regional development.
This new and original collection of papers focuses on the intersection of three strands of research: evolutionary economics, behavioral economics, and management studies. Combining theoretical and empirical contributions, the expert contributors demonstrate that the intersection of these fields provides a rich source of opportunities enabling researchers to find more satisfactory answers to questions that (not only evolutionary) economists have long been tackling. Topics discussed include individual agents and their interactions; the behavior and development of firm organizations; and evolving firms and their broader implications for the development of regions and entire economies.
This challenging book will prove a thought provoking read for academics, students and researchers with an interest evolutionary economics, behavioral economics and business and management, particularly strategy and entrepreneurship.
Edited by Guido Buenstorf, University of Kassel, Germany
Contents: 1. Introduction Guido Buenstorf PART I: ECONOMIC BEHAVIOR: INDIVIDUALS AND INTERACTIONS 2. To Weigh or Not to Weigh that is the Question: Advice on Weighing Goods in a Boundedly Rational Way Werner Guth and Hartmut Kliemt 3. Emergent Cultural Phenomena and their Cognitive Foundations Christian Cordes 4. Consumer Learning through Interaction: Effects on Aggregate Outcomes Zakaria Babutsidze 5. Scientists' Valuation of Open Science and Commercialization: The Influence of Peers and Organizational Context Stefan Krabel PART II: THE EVOLUTION OF FIRMS 6. Capturing Firm Behavior in Agent-based Models of Industry Evolution and Macroeconomic Dynamics Herbert Dawid and Philipp Harting 7. The Emergence of Clan Control in a Science-based Firm: The Case of Carl Zeiss Markus C. Becker 8. Creativity, Human Resources and Organizational Learning Thierry Burger-Helmchen and Patrick Llerena PART III: EVOLVING FIRMS AS DRIVERS OF ECONOMIC DEVELOPMENT 9. Economic Development as a Branching Process Koen Frenken and Ron A. Boschma 10. Spin-off Growth and Job Creation: Evidence on Denmark Pernille Gjerlov-Juel and Michael S. Dahl 11. Innovationes Jenenses: Some Insights into the Making of a Hidden Star Uwe Cantner Index