QED Working Paper Number
1538
We construct a linear programming model of Darwinian evolution, inspired by "the stochastic matrix model". We present a detailed numerical example based on a 3 X 3 stochastic matrix. The linear program uses the stochastic matrix in the specification of its objective function. The program "selects" from an "input" vector to meet a given next period "output" vector. Novel for a model of Darwinian evolution is the presence of costs and shadow prices.
Keywords
Darwinian evolution
stochastic matrices
linear programming
Working Paper