Article,

Functional Modularity in the Fundamentals of Economic Theory: Toward an Agent-Based Economic Modeling of the Evolution of Technology

, and .
International Journal of Modern Physics B, 18 (17-19): 2376--2386 (July 2004)
DOI: doi:10.1142/S0217979204025403

Abstract

No matter how commonly the term innovation has been used in economics, a concrete analytical or computational model of innovation is not yet available. This paper argues that a breakthrough can be made with genetic programming, and proposes a functional-modularity approach to an agent-based computational economic model of innovation.

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