Show simple item record

dc.contributor.authorVAZQUEZ, Miguel
dc.date.accessioned2018-12-10T14:50:51Z
dc.date.available2018-12-10T14:50:51Z
dc.date.issued2018
dc.identifier.issn1973-0381
dc.identifier.urihttps://hdl.handle.net/1814/60111
dc.description.abstractThe primary objective of this paper is to study the role of institutions evolution assuming that economies are generally out of equilibrium. The focus is developing a logical framework that allows describing economies as complex adaptive systems. This will allow deducing the uncertainty inherent to the economy as a consequence of system characteristics (instead of assuming it as hypothesis). Thus, it will be possible to characterize adaptation from fundamental properties of the system. As institutions are mechanisms to facilitate adaptation, the paper will provide a fundamental description of the functioning and logic for institutions within complex adaptive systems.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.relation.ispartofseriesUniversità Bocconi IEFE Working Papersen
dc.relation.ispartofseries2018/104en
dc.relation.ispartofseriesClimateen
dc.relation.urihttp://www.iefe.unibocconi.it/en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectComplex adaptive systemsen
dc.subjectInstitutional dynamicsen
dc.subjectAlgorithmic rationalityen
dc.subjectUncertaintyen
dc.subjectD8en
dc.subjectD02en
dc.subjectO3en
dc.subjectB5en
dc.titleInstitutional dynamics in an economy seen as a complex adaptive systemen
dc.typeWorking Paperen
eui.subscribe.skiptrue


Files associated with this item

Icon

This item appears in the following Collection(s)

Show simple item record