Showing 1 - 10 of 636,773
This paper develops a general methodology for characterizing the dynamic evolution of preferences in a wide class of strategic interactions. We give simple conditions characterizing the limiting distribution of preferences in general games, and apply our results to study the evolutionary...
Persistent link: https://www.econbiz.de/10003780865
Persistent link: https://www.econbiz.de/10003442758
Persistent link: https://www.econbiz.de/10003475095
Persistent link: https://www.econbiz.de/10003549347
Persistent link: https://www.econbiz.de/10003944086
A common feature of the literature on the evolution of preferences is that evolution favors nonmaterialistic preferences only if preference types are observable at least to some degree. We argue that this result is due to the assumption that in each state of the evolutionary dynamics some...
Persistent link: https://www.econbiz.de/10009230354
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10009506418
Persistent link: https://www.econbiz.de/10009681386
Persistent link: https://www.econbiz.de/10003749765
Persistent link: https://www.econbiz.de/10002962634