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The evolution of conventions with mobile players

Article Abstract:

Mobility contributes to a society's ability to reach on overall efficient outcome. Convention evolution in a society with mobile players and local interaction was examined using the aspects of limited mobility, imperfect observation of play and friction in the adjustment process. Among the three, limited mobility was shown capable of preventing a society from playing efficiently in coordination games.

Author: Dieckmann, Tone
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1999
Organizational Methods NEC, Organizational change, Social mobility, Organizational behavior

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Keeping one step ahead of the Joneses: status, the distribution of wealth, and long run growth

Article Abstract:

The effect of status preference on long-term balanced growth is influenced by the type of consumers involved. An endogenous growth model developed showed that if all consumers are identical, a strong status preference tends to create a high long run rate of balanced growth path. On the other hand, if agents are heterogenous, a rise in savings incentives tends to lower the long run growth rate.

Author: Shibata, Akihisa, Futagami, Koichi
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
Economics, Research and Development in the Social Sciences and Humanities, Economic development, Wealth

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