The Desirable Organizational Structure for Evolutionary Firms in Static Landscapes

Nicolás Garrido

Metroeconomica, 2004, vol. 55, issue 2‐3, 318-331

Abstract: In addition to the common analysis of the Kauffman NK model where the value of K and the structure of interaction are given, the aim of this paper is to study what the values of these two parameters would be if they were endogenized. Thus, a model is proposed where firms and business schools coordinate to search for high peaks in their respective landscapes using evolutionary algorithms. The main result coming from the analysis of the model is that agents, using evolutionary algorithms, attempt to simplify the problems of coordination and this, over time, produces the existence in the economy of agents using many different strategies.

Date: 2004
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