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Intergenerational transmission of preferences

Bulte,E.H.
; 
Horan,R.D.
Abstract
We propose a perfect empathy model of cultural transmission to capture the evolution of preferences in a population. Unlike existing imperfect empathy models, focusing on stable interior equilibria, we demonstrate that a corner outcome will eventuate. However, which corner outcome emerges is unknown, and depends on the interplay of “history” and “expectations”.
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2011
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Tilburg University Research Output Collection
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Bulte, E H & Horan, R D 2011, 'Intergenerational transmission of preferences', Economics Letters, vol. 112, no. 1, pp. 85-87. < http://www.sciencedirect.com/science/article/pii/S016517651100142X >
URI
https://hdl.handle.net/20.500.14602/55092
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