Showing 1 - 10 of 169
general questions concerning the regional and global waxing and waning of domestic regime types. Evolution's claims about the … co-evolution and niche construction are crucial: an agent may modify its environment such that one or more traits of that … agent enjoy a greater reproductive advantage. Agency, then, may be not an escape from evolution but a participation in co-evolution …
Persistent link: https://www.econbiz.de/10011590640
evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on …
Persistent link: https://www.econbiz.de/10010305437
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...
Persistent link: https://www.econbiz.de/10010334690
Evolutionary theorizing has a long tradition in economics. Only recently has this approach been brought into the framework of non-cooperative game theory. Evolutionary game theory studies the robustness of strategic behaviour with respect to evolutionary forces in the context of games played...
Persistent link: https://www.econbiz.de/10010334821
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …
Persistent link: https://www.econbiz.de/10010262480
We show that a set of outcomes outside the convex hull of Nash equilibria can be asymptotically stable with respect to convex monotonic evolutionary dynamics. Boundedly rational agents receive signals and condition the choice of strategies on the signals. A set of conditional strategies is...
Persistent link: https://www.econbiz.de/10010264924
social evolution. …
Persistent link: https://www.econbiz.de/10010266706
effect by showing that evolution favors individuals whose preferences embody an endowment effect. The reason is that an …
Persistent link: https://www.econbiz.de/10010276089
This research develops an evolutionary growth theory that captures the intricate time path of life expectancy in the process of development, shedding new light on the origin of the remarkable rise in life expectancy since the Agricultural Revolution. The theory argues that social, economic and...
Persistent link: https://www.econbiz.de/10010318901
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of … economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit …
Persistent link: https://www.econbiz.de/10010318965