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

  • Suren Basov

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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File URL: http://www.economics.unimelb.edu.au/downloads/wpapers-02/847.pdf
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Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 847.

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Length: 46 pages
Date of creation: 2002
Date of revision:
Handle: RePEc:mlb:wpaper:847
Contact details of provider: Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia
Phone: +61 3 8344 5355
Fax: +61 3 8344 6899
Web page: http://www.economics.unimelb.edu.au
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  1. Schlag, Karl H., 1998. "Why Imitate, and If So, How?, : A Boundedly Rational Approach to Multi-armed Bandits," Journal of Economic Theory, Elsevier, vol. 78(1), pages 130-156, January.
  2. Blume Lawrence E., 1995. "The Statistical Mechanics of Best-Response Strategy Revision," Games and Economic Behavior, Elsevier, vol. 11(2), pages 111-145, November.
  3. Baptista, Rui, 2000. "Do innovations diffuse faster within geographical clusters?," International Journal of Industrial Organization, Elsevier, vol. 18(3), pages 515-535, April.
  4. Ted Bergstrom, . "On the Evolution of Altruistic Ethical Rules for Siblings," Papers _023, University of Michigan, Department of Economics.
  5. M. Kandori & G. Mailath & R. Rob, 1999. "Learning, Mutation and Long Run Equilibria in Games," Levine's Working Paper Archive 500, David K. Levine.
  6. Basov, S., 2001. "An Evolutionary Model of Reciprocity," Department of Economics - Working Papers Series 812, The University of Melbourne.
  7. Aderlini, L. & Ianni, A., 1993. "Path Dependence and Learning from Neighbours," Papers 186, Cambridge - Risk, Information & Quantity Signals.
  8. Ellison, Glenn, 1993. "Learning, Local Interaction, and Coordination," Econometrica, Econometric Society, vol. 61(5), pages 1047-71, September.
  9. L. Blume, 2010. "The Statistical Mechanics of Strategic Interaction," Levine's Working Paper Archive 488, David K. Levine.
  10. Valentina Corradi & Rajiv Sarin, . "Continuous Approximations of Stochastic Evolutionary Game Dynamics," ELSE working papers 002, ESRC Centre on Economics Learning and Social Evolution.
  11. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
  12. Corradi, Valentina & Sarin, Rajiv, 2000. "Continuous Approximations of Stochastic Evolutionary Game Dynamics," Journal of Economic Theory, Elsevier, vol. 94(2), pages 163-191, October.
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