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The Economics of Cultural Formation of Preferences
Pichler, Michael M. - Institut für Mathematische Wirtschaftsforschung, … - 2010
preferences process is endogenized as resulting out of optimal parental socialization decisions. This framework thus endogenously …
Persistent link: https://www.econbiz.de/10008492687
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Cultural Formation of Preferences and Assimilation of Cultural Groups
Pichler, Michael M. - Institut für Mathematische Wirtschaftsforschung, … - 2010
Based on the cultural formation of continuous preferences framework of Pichler (IMW Working Paper No. 431, 2010), this paper analyzes the evolution of preferences and behavior in a two cultural groups setting. We show that the qualitative dynamic properties depend crucially on what parents...
Persistent link: https://www.econbiz.de/10008492689
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Culture formation and endogenous cultural distance
Pichler, Michael M. - Institut für Mathematische Wirtschaftsforschung, … - 2008
. Additionally, they can invest into the success that their displayed culture has in the socialization process of their children. We … cultural group. Furthermore, they will always invest into their socialization success. Nevertheless, these investments are …
Persistent link: https://www.econbiz.de/10005687739