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This paper proposes a new framework for studying the interplay between culture and institutions. We follow the recent … sociology literature and interpret culture as a \repertoire", which allows rich cultural responses to changes in the environment … and shifts in political power. Specifically, we start with a culture set, which consists of attributes and the feasible …
Persistent link: https://www.econbiz.de/10012533381
This paper proposes a new framework for studying the interplay between culture and institutions. We follow the recent … sociology literature and interpret culture as a \repertoire", which allows rich cultural responses to changes in the environment … and shifts in political power. Specifically, we start with a culture set, which consists of attributes and the feasible …
Persistent link: https://www.econbiz.de/10013226495
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"We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...
Persistent link: https://www.econbiz.de/10008760649
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