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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/60105 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/60105 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/60105 archive 351 disk0/00/00/40/76 2016-01-15 02:03:59 2021-08-27 17:14:43 2016-01-15 02:03:59 monograph show 2 Dosi G. 7236 Kaniovski Y.M. AL0815 pub iis_ecn iis_met iis_mod iis_sys prog_ted 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. 1994 published RR-94-012. Reprinted from Journal of Evolutionary Economics, 4(2):93-123 [1994]. RP-94-012 Reprinted from Journal of Evolutionary Economics; 4(2):93-123 [1994] 10 1219 2009 public research_reprint Journal of Evolutionary Economics 4 2 IIASA, Laxenburg, Austria 93-123 34 TRUE FALSE info:eu-repo/semantics/book