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Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of...
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same year Darwin published The Descent of Man, which emphasized sympathy and cooperation as well as self-interest, and … have a long-evolved and biologically-inherited basis. The social role of morality and its difference with altruism is …
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examine the prospects of self-enforcing cooperation as trade relationships evolve. It turns out that factor differentials and … specificities are of utmost importance. In fact, prospects of self-enforcing cooperation are the lower the more diverse the …. Notably, this result also holds in a recurrent, that is, in an evolutionary setting that otherwise induces cooperation in …
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