Intergenerational Transmission of Preferences

E.H. Bulte; R.D. Horan

doi:10.1016/j.econlet.2011.03.040

Intergenerational Transmission of Preferences

E.H. Bulte
, R.D. Horan

Research output: Contribution to journal › Article › Academic › peer-review

9 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 language	English
Pages (from-to)	85-87
Journal	Economics Letters
Volume	112
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2011.03.040
Publication status	Published - 2011

Keywords

cultural transmission
evolution

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10.1016/j.econlet.2011.03.040

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title = "Intergenerational Transmission of Preferences",

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T1 - Intergenerational Transmission of Preferences

AU - Bulte, E.H.

AU - Horan, R.D.

PY - 2011

Y1 - 2011

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AB - 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’’

KW - cultural transmission

KW - evolution

U2 - 10.1016/j.econlet.2011.03.040

DO - 10.1016/j.econlet.2011.03.040

M3 - Article

SN - 0165-1765

VL - 112

SP - 85

EP - 87

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Intergenerational Transmission of Preferences

Abstract

Keywords

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