Competition And Culture In The Evolution Of Economic Behavior: A Simple Example
AbstractCompetition tends to promote efficient (equilibrium) behavior through the higher survival of the organizations (say firms) that adopt it. On the other hand, culture (understood as the "inherited" social pattern of behavior) may induce certain short-run inertias. This paper analyzes a dynamic model of the struggle between these two forces in the evolution of alternative stable configurations of an economy's behavior.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1991-08.
Length: 22 pages
Date of creation: Jan 1991
Date of revision:
Publication status: Published by Ivie
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