The Evolution of Inequality
Under what conditions can class divisions characterized by high levels of inequality be designated evolutionary universals, using Talcott Parsons's term to refer to social arrangements which have emerged independently and persisted in a wide variety of environments? To explore this question, I represent economic institutions as bargaining conventions and then in order to better capture the historically observed processes of institutional evolution I extend recent models in stochastic evolutionary game theory in four ways: i) non-best response (idiosyncratic) play is modeled as intentional rather than accidental, ii) non best response play is coordinated through a process of collective action, iii) substantial rates of non-best response play are introduced, and iv) the sub-populations making up the classes may be of different sizes. In this model, contrary to the conventional formulation, highly unequal and economically inefficient institutions may be stochastically stable states in the implied dynamical system, while more egalitarian institutions may prove ephemeral.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Oct 2001|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.santafe.edu/sfi/publications/working-papers.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wop:safiwp:01-10-060. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.