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| Content Provider | Springer Nature Link |
|---|---|
| Author | Panebianco, Fabrizio |
| Copyright Year | 2016 |
| Abstract | We analyze the evolution of a society in which types evolve not only depending on how much they are fit but also on how much they are able to persuade others about their fitness. This mechanism makes possible to reach equilibria not feasible under standard dynamics. We first provide necessary conditions for a generic matrix and generic class of cultural competition mechanisms in order to observe polymorphic equilibria, comparing it with the standard case. Then, necessary and sufficient conditions for polymorphic equilibrium stability are provided in the case of particular competition rule family, at each competition level. We show that some social dilemmas as prisoner’s dilemma or stag hunt can have their dynamics dramatically changed. We then analyze the prisoner’s dilemma framework finding that also full cooperation is sustainable in equilibrium. Finally we show that this persuasion mechanisms generally increase the equilibrium aggregate production of the society. |
| Starting Page | 233 |
| Ending Page | 258 |
| Page Count | 26 |
| File Format | |
| ISSN | 18651704 |
| Journal | International Review of Economics |
| Volume Number | 63 |
| Issue Number | 3 |
| e-ISSN | 18634613 |
| Language | English |
| Publisher | Springer Berlin Heidelberg |
| Publisher Date | 2016-03-23 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Cultural evolution Cultural transmission Evolutionary selection Cooperation Prisoner’s dilemma Economic Policy Economic Theory/Quantitative Economics/Mathematical Methods Social Policy Methodology/History of Economic Thought Law and Economics Quality of Life Research |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics, Econometrics and Finance |
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