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This paper explores the role of cultural transmission in extortion. Extortion is modeled as an asymmetric contest where individuals from one group attempt to take from individuals in another group. Using a model of cultural transmission, this paper finds the existence of a unique asymptotically...
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Social norms are customary or ideal forms of behavior to which individuals in a group try to conform. From an analytical standpoint, the key feature of social norms is that they induce a positive feedback loop between individual and group behavior: the more widely that a norm is practiced by...
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