Intergenerational Transmission of Preferences

E.H. Bulte, R.D. Horan

Research output: Contribution to journalArticleAcademicpeer-review

6 Citations (Scopus)

Abstract

We propose a perfect empathy model of cultural transmission to capture the evolution of preferences in a population. Unlike existing imperfect empathy models, focusing on stable interior equilibria, we demonstrate that a corner outcome will eventuate. However, which corner outcome emerges is unknown, and depends on the interplay of ‘‘history’’ and ‘‘expectations’’
Original languageEnglish
Pages (from-to)85-87
JournalEconomics Letters
Volume112
Issue number1
DOIs
Publication statusPublished - 2011

Keywords

  • cultural transmission
  • evolution

Fingerprint Dive into the research topics of 'Intergenerational Transmission of Preferences'. Together they form a unique fingerprint.

Cite this