The economics of cultural transmission and the dynamics of preferences


Verdier, Thierry and Bisin, Alberto (2001) The economics of cultural transmission and the dynamics of preferences Journal of Economic Theory, 97, (2), pp. 298-319. (doi:10.1006/jeth.2000.2678).

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Description/Abstract

This paper studies the population dynamics of preference traits in a model of intergenerational cultural transmission. Parents socialize and transmit their preferences to their offspring, motivated by a form of paternalistic altruism ("imperfect empathy"). In such a setting we study the long run stationary state pattern of preferences in the population, according to various socialization mechanisms and institutions, and identify sufficient conditions for the global stability of an heterogenous stationary distribution of the preference traits. We show that cultural transmission mechanisms have very different implications than evolutionary selection mechanisms with respect to the dynamics of the distribution of the traits in the population, and we study mechanisms which interact evolutionary selection and cultural transmission.

Item Type: Article
Digital Object Identifier (DOI): doi:10.1006/jeth.2000.2678
ISSNs: 0022-0531 (print)
Subjects:
ePrint ID: 33480
Date :
Date Event
2001Published
Date Deposited: 16 May 2006
Last Modified: 16 Apr 2017 22:15
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/33480

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