Francois, P.; Zabojnik, J. - Tilburg University, Center for Economic Research - 2001
This paper develops a framework which analyzes how a population's culture affects the decisions of rational profit … maximizing firms, while simultaneously exploring how the actions of these firms in turn affect the population's culture ….By endogenizing culture as well as the more usual economic variables, it shows how an economically valuablebehavioural trait can be …