Intergenerational transmission of preferences

E.H. Bulte, R.D. Horan

Research output: Contribution to journalArticleScientificpeer-review

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”.
Original languageEnglish
Pages (from-to)85-87
JournalEconomics Letters
Volume112
Issue number1
Publication statusPublished - 2011

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Intergenerational transmission
Empathy
Evolution of preferences
Cultural transmission

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Bulte, E. H., & Horan, R. D. (2011). Intergenerational transmission of preferences. Economics Letters, 112(1), 85-87.
Bulte, E.H. ; Horan, R.D. / Intergenerational transmission of preferences. In: Economics Letters. 2011 ; Vol. 112, No. 1. pp. 85-87.
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Bulte, EH & Horan, RD 2011, 'Intergenerational transmission of preferences', Economics Letters, vol. 112, no. 1, pp. 85-87.

Intergenerational transmission of preferences. / Bulte, E.H.; Horan, R.D.

In: Economics Letters, Vol. 112, No. 1, 2011, p. 85-87.

Research output: Contribution to journalArticleScientificpeer-review

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Bulte EH, Horan RD. Intergenerational transmission of preferences. Economics Letters. 2011;112(1):85-87.