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Collision, Plasticity, and the Creation of Possibilities

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  • Jeong, Kyungcheol

Abstract

This paper discusses a model where mutation occurs in the population due to "collision", such as immigration, the introduction of new technology, and environmental changes. The proportion of mutations in the population is determined by a parameter called "plasticity", and the population goes to a long-run equilibrium through Darwinian adjustment after the collision. This paper shows that having plasticity can be better than maintaining the existing convention in the long-run equilibrium even when the existing convention is more successful than the average mutation.

Suggested Citation

  • Jeong, Kyungcheol, 2026. "Collision, Plasticity, and the Creation of Possibilities," MPRA Paper 128254, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:128254
    as

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    References listed on IDEAS

    as
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    8. Marco Tabellini, 2020. "Gifts of the Immigrants, Woes of the Natives: Lessons from the Age of Mass Migration," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(1), pages 454-486.
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    Keywords

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    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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