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

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  • Suren Basov

Abstract

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.

Suggested Citation

  • Suren Basov, 2002. "Evolution of Social Behavior in the Global Economy: The Replicator Dynamics with Migration," Department of Economics - Working Papers Series 847, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:847
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    File URL: http://www.economics.unimelb.edu.au/downloads/wpapers-02/847.pdf
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    References listed on IDEAS

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