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Has creative destruction become more destructive?
Komlos, John - 2014
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the … destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …
Persistent link: https://www.econbiz.de/10010393293
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Weber's law and the biological evolution of risk preferences : the selective dominance of the logarithmic utility function
Sinn, Hans-Werner - 2002
The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other preference for decision-making under risk will, with a probability that approaches certainty,...
Persistent link: https://www.econbiz.de/10011541191
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The agricultural origins of time preference
Galor, Oded; Özak, Ömer - 2015
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...
Persistent link: https://www.econbiz.de/10010479924
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International trade and cultural diversity : a model of preference selection
Bala, Vankatesh; Long, Ngo Van - 2004
We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much …
Persistent link: https://www.econbiz.de/10011450172
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Some evolutionary foundations for price level rigidity
Saint-Paul, Gilles - 2002
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938
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Gravity at sixty : the workhorse model of trade
Yotov, Yoto - 2022
usefulness for counterfactual projections. The objective of this paper is to offer a historical overview of its evolution from an …
Persistent link: https://www.econbiz.de/10012818511
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Rules, preferences and evolution from the family angle
Cigno, Alessandro - 2021
This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular … effectively the clone of an existing one (either a parent or anyone else), there may be evolution only in the demographic sense … that the share of the population who hold a certain trait increases or decreases. Evolution in the strict sense of new …
Persistent link: https://www.econbiz.de/10012600188
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Norms and the evolution of leaders' followership
Cabrales, Antonio; Hauk, Esther - 2022
leads to clustering, is crucial for the survival of the Pareto dominant actions. The evolution of leader and crowd …
Persistent link: https://www.econbiz.de/10013285659
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Evolution of individual preferences and persistence of family rules
Cigno, Alessandro; Gioffré, Alessandro; Luporini, Annalisa - 2020
preference evolution? We show that it is in a couple's common interest to obey a rule requiring them to give specified amounts of …
Persistent link: https://www.econbiz.de/10012291871
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Physiological constraints and comparative economic development
Dalgaard, Carl-Johan; Strulik, Holger - 2017
It is a well known fact that economic development and distance to the equator are positively correlated variables in the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present paper provides a theory of why the "latitude gradient"...
Persistent link: https://www.econbiz.de/10011774936