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Evolutionary Game Theory (EGT) and Thorstein Veblen's Evolutionary Economics : Is EGT Veblenian?
Villena Chamorro, Mauricio - 2007
The aim of this article is to link Veblen's work on evolutionary economics to recently developed evolutionary game theory (EGT). This represents the first step towards incorporating Veblen's socio-economic evolution theory into discussion concerning applying EGT to social environments. An...
Persistent link: https://www.econbiz.de/10012776074
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Should law keep pace with society? : relative update rates determine the co-evolution of institutional punishment and citizen contributions to public goods
Roithmayr, Daria; Isakov, Alexander; Rand, David - In: Games 6 (2015) 2, pp. 124-149
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10011316651
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Mathematical Institutional Economics
Shubik, Martin - 2012
Persistent link: https://www.econbiz.de/10013096602
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Reform paths and institutional resilience
Buchen, Clemens - 2021
anonymous-exchange game of cooperating or defecting. Agents switch to the strategy with higher expected payoff. Reformers can … affect the payoff structure of the stage game in order to maximize the number of cooperators in the population by either …
Persistent link: https://www.econbiz.de/10013336250
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Institutions, Assortative Matching and Cultural Evolution
Wu, Jiabin - 2023
evolutionary process. The opportunistic cultural type maximizes individual payoff against another opportunistic cultural type …, while the civic-minded cultural type maximizes the total payoff of a pair. We show that the structure of the underlying … requires supermodularity of the citizens' payoff function under the utilitarian institution and log-supermodularity in addition …
Persistent link: https://www.econbiz.de/10014260341
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Institution transfers, the Marshall Plan, Europe, and Ukraine : an analytical narrativ
Basuchoudhary, Atin; Freytag, Andreas; Siemers, Troy - 2023
This paper offers an analytical narrative based on an assurance game with two separate populations in an evolutionary setting. In our model, Donors and Recipients are two populations; let us call them Europe and Ukraine. The donor population has two types. A proportion of this population wants...
Persistent link: https://www.econbiz.de/10014426446
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Monetary-Fiscal Games Under Political Uncertainty : The Role of Institutions
El-Khishin, Sarah - 2020
The paper examines how rules and institutions as well as the monetary-fiscal coordination setup impact welfare outcomes of a reform during uncertainty shocks. We define uncertainty shocks as sudden events that create ambiguity about future course of economic policies chosen by policy makers as...
Persistent link: https://www.econbiz.de/10012827927
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The Penalty-Duel and Institutional Design : Is There a Neeskens-Effect?
Leininger, Wolfgang; Ockenfels, Axel - 2021
We document an increase in the scoring probability from penalties in soccer, which separates the time period before 1974 significantly from that after 1976: the scoring probability increased by 11%. We explain this finding by arguing that the institution of penalty-shooting before 1974 is best...
Persistent link: https://www.econbiz.de/10013317057
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Endogenous Social Preferences
Carpenter, Jeffrey P. - 2002
A long-standing discussion in economics has developed around the issue of whether institutions (specifically markets) affect peoples' social preferences. One theory posits that markets force people to interact repeatedly, and in so doing reduce anonymity, curtail opportunistic behavior, and make...
Persistent link: https://www.econbiz.de/10014121445
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Education and society : an institutional approach
Pană, Marius-Cristian - In: Theoretical and applied economics : GAER review 22 (2015) 2, pp. 139-150
Persistent link: https://www.econbiz.de/10011561515