Levine, David K.; Modica, Salvatore - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 89-131
We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of … the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions … and conflict and illustrate the theory with the fall of the Qing Dynasty and rise of Communism in China. …