Evolutionary Socioeconomics: a Schumpeterian Computer Simulation
<|reference_start|>Evolutionary Socioeconomics: a Schumpeterian Computer Simulation: 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.<|reference_end|>
@article{tucci2006evolutionary,
    title={Evolutionary Socioeconomics: a Schumpeterian Computer Simulation},
    author={Michele Tucci},
    journal={arXiv preprint arXiv:cs/0604089},
    year={2006},
    archivePrefix={arXiv},
    eprint={cs/0604089},
    primaryClass={cs.GT cs.CY}
}