Evolution of Social Behavior in the Global Economy: The Replicator Dynamics with Migration

In this paper I consider the e¤ects of migration on the spread and the speed of the propagation of new conventions, technologies, etc. I show that the speed of the propagation increases with the openness of the economy. The application of the model to the equilibrium selection in 2 £ 2 coordination games is also discussed.

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Year of publication:	2002
Authors:	Basov, Suren
Institutions:	Department of Economics, Faculty of Business and Economics

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Extent:	application/pdf
Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 847 46 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005587600