eprintid: 4076 rev_number: 12 eprint_status: archive userid: 351 dir: disk0/00/00/40/76 datestamp: 2016-01-15 02:03:59 lastmod: 2021-08-27 17:14:43 status_changed: 2016-01-15 02:03:59 type: monograph metadata_visibility: show item_issues_count: 2 creators_name: Dosi, G. creators_name: Kaniovski, Y.M. creators_id: 7236 creators_id: AL0815 title: On "Badly Behaved" Dynamics. Some Applications of Generalized Urn Schemes to Technological and Economic Change ispublished: pub internal_subjects: iis_ecn internal_subjects: iis_met internal_subjects: iis_mod internal_subjects: iis_sys divisions: prog_ted abstract: Adaptive (path dependent) processes of growth modeled by urn schemes are important in several fields of application: biology, physics, chemistry, and economics. In this paper we present a general introduction to urn schemes, together with some new results. We review the studies that have been conducted on technological dynamics by means of such schemes. We demonstrate the phenomena of multiple equilibria, different convergence rates for different limit patterns, locally positive and locally negative feedbacks, and limit behavior associated with non-homogeneity of economic environment where producers (firms) are operating. We also show that the above urn processes represent a natural and convenient stochastic replicator dynamic that can be used in evolutionary games. date: 1994 date_type: published publisher: RR-94-012. Reprinted from Journal of Evolutionary Economics, 4(2):93-123 [1994]. iiasapubid: RP-94-012 iiasa_bibref: Reprinted from Journal of Evolutionary Economics; 4(2):93-123 [1994] price: 10 creators_browse_id: 1219 creators_browse_id: 2009 full_text_status: public monograph_type: research_reprint publication: Journal of Evolutionary Economics volume: 4 number: 2 place_of_pub: IIASA, Laxenburg, Austria pagerange: 93-123 pages: 34 refereed: TRUE coversheets_dirty: FALSE fp7_type: info:eu-repo/semantics/book citation: Dosi, G. & Kaniovski, Y.M. (1994). On "Badly Behaved" Dynamics. Some Applications of Generalized Urn Schemes to Technological and Economic Change. IIASA Research Report (Reprint). IIASA, Laxenburg, Austria: RR-94-012. Reprinted from Journal of Evolutionary Economics, 4(2):93-123 [1994]. document_url: https://pure.iiasa.ac.at/id/eprint/4076/1/RR-94-12.pdf