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...
