IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v142y2016icp22-26.html
   My bibliography  Save this article

Endogenous evolution of heterogeneous consumers preferences: Multistability and coexistence between groups

Author

Listed:
  • Naimzada, Ahmad
  • Pireddu, Marina

Abstract

We propose an exchange economy evolutionary model with agents heterogeneous in the structure of preferences. Assuming that the share updating mechanism is non-monotone in the calorie intake, we find multistability phenomena involving equilibria characterized by the coexistence of heterogeneous agents.

Suggested Citation

  • Naimzada, Ahmad & Pireddu, Marina, 2016. "Endogenous evolution of heterogeneous consumers preferences: Multistability and coexistence between groups," Economics Letters, Elsevier, vol. 142(C), pages 22-26.
    • Handle: RePEc:eee:ecolet:v:142:y:2016:i:c:p:22-26
    DOI: 10.1016/j.econlet.2016.02.018
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165176516300477
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econlet.2016.02.018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ponthiere, Gregory, 2011. "Existence and stability of overconsumption equilibria," Economic Modelling, Elsevier, vol. 28(1), pages 74-90.
    2. Fogel, Robert W, 1994. "Economic Growth, Population Theory, and Physiology: The Bearing of Long-Term Processes on the Making of Economic Policy," American Economic Review, American Economic Association, vol. 84(3), pages 369-395, June.
    3. Tomas J. Philipson & Richard A. Posner, 2008. "Is the Obesity Epidemic a Public Health Problem? A Review of Zoltan J. Acs and Alan Lyles's Obesity, Business and Public Policy," Journal of Economic Literature, American Economic Association, vol. 46(4), pages 974-982, December.
    4. Chang, Jannet & Stauber, Ronald, 2009. "Evolution of preferences in an exchange economy," Economics Letters, Elsevier, vol. 103(3), pages 131-134, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ahmad Naimzada & Marina Pireddu, 2019. "A general equilibrium evolutionary model with generic utility functions and generic bell-shaped attractiveness maps, generating fashion cycle dynamics," Working Papers 401, University of Milano-Bicocca, Department of Economics, revised Mar 2019.
    2. Naimzada, Ahmad & Pireddu, Marina, 2018. "An evolutive discrete exchange economy model with heterogeneous preferences," Chaos, Solitons & Fractals, Elsevier, vol. 111(C), pages 35-43.
    3. Ahmad Naimzada & Marina Pireddu, 2020. "A general equilibrium evolutionary model with two groups of agents, generating fashion cycle dynamics," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(1), pages 155-185, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pierre Pestieau & Gregory Ponthiere, 2012. "The Public Economics of Increasing Longevity," Hacienda Pública Española / Review of Public Economics, IEF, vol. 200(1), pages 41-74, March.
    2. Naimzada, Ahmad & Pireddu, Marina, 2018. "An evolutive discrete exchange economy model with heterogeneous preferences," Chaos, Solitons & Fractals, Elsevier, vol. 111(C), pages 35-43.
    3. Harold Alderman & John Hoddinott & Bill Kinsey, 2006. "Long term consequences of early childhood malnutrition," Oxford Economic Papers, Oxford University Press, vol. 58(3), pages 450-474, July.
    4. Karen Clay & Werner Troesken & Michael Haines, 2014. "Lead and Mortality," The Review of Economics and Statistics, MIT Press, vol. 96(3), pages 458-470, July.
    5. John Komlos, 2009. "Recent Trends in Height by Gender and Ethnicity in the US in Relation to Levels of Income," NBER Working Papers 14635, National Bureau of Economic Research, Inc.
    6. C. Lee, 1998. "Life Cycle Savings in the United States, 1900-1990," CPE working papers 0014, University of Chicago - Centre for Population Economics.
    7. Maria-Dolores, Ramon & Martínez Carrion, José Miguel, 2012. "The comovement between height and some economic development indicators in Spain," UMUFAE Economics Working Papers 26464, DIGITUM. Universidad de Murcia.
    8. David Croix & Alessandro Sommacal, 2009. "A Theory of Medical Effectiveness, Differential Mortality, Income Inequality and Growth for Pre-Industrial England," Mathematical Population Studies, Taylor & Francis Journals, vol. 16(1), pages 2-35.
    9. Thomas, Duncan & Strauss, John, 1997. "Health and wages: Evidence on men and women in urban Brazil," Journal of Econometrics, Elsevier, vol. 77(1), pages 159-185, March.
    10. Huang, Wei & Zhou, Yi, 2013. "Effects of education on cognition at older ages: Evidence from China's Great Famine," Social Science & Medicine, Elsevier, vol. 98(C), pages 54-62.
    11. Bhagowalia, Priya & Chen, Susan E. & Masters, William A., 2011. "Effects and determinants of mild underweight among preschool children across countries and over time," Economics & Human Biology, Elsevier, vol. 9(1), pages 66-77, January.
    12. Fraser Summerfield & Livio Di Matteo, 2021. "Influenza Pandemics and Macroeconomic Fluctuations in Recent Economic History," Working Papers 210002, Canadian Centre for Health Economics.
    13. Fogel, Robert W, 2004. "Health, Nutrition, and Economic Growth," Economic Development and Cultural Change, University of Chicago Press, vol. 52(3), pages 643-658, April.
    14. Bhagowalia, Priya & Chen, Susan E. & Masters, William A., 2008. "The Distribution Of Child Nutritional Status Across Countries And Over Time," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6167, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. repec:dau:papers:123456789/14195 is not listed on IDEAS
    16. Scott Alan Carson & Scott A. Carson, 2022. "Nineteenth and Early 20th Century Physical Activity and Calories by Gender and Race," CESifo Working Paper Series 10140, CESifo.
    17. Vicente Ortún & Ricard Meneu & Salvador Peiró, 2004. "El impacto de los servicios sanitarios sobre la salud," Economics Working Papers 752, Department of Economics and Business, Universitat Pompeu Fabra.
    18. McNamara, Paul E. & Ulimwengu, John M. & Leonard, Kenneth L., 2010. "Do health investments improve agricultural productivity? Lessons from agricultural household and health research," IFPRI discussion papers 1012, International Food Policy Research Institute (IFPRI).
    19. Seema Jayachandran & Adriana Lleras-Muney & Kimberly V. Smith, 2009. "Modern Medicine and the 20th Century Decline in Mortality: Evidence on the Impact of Sulfa Drugs," NBER Working Papers 15089, National Bureau of Economic Research, Inc.
    20. Komlos, John & Lauderdale, Benjamin E., 2006. "Underperformance in affluence: the remarkable relative decline in American heights in the second half of the 20th-century," Discussion Papers in Economics 1241, University of Munich, Department of Economics.
    21. Meisel-Roca, Adolfo & Ramírez-Giraldo, María Teresa & Santos-Cárdenas, Daniela, 2019. "Long run relationship between biological well being, and economic development in Colombia," Working papers 24, Red Investigadores de Economía.

    More about this item

    Keywords

    Endogenous preferences; Evolution; Multistability; Coexistence;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D00 - Microeconomics - - General - - - General
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:142:y:2016:i:c:p:22-26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.