The evolution of conventions with mobile players

Article Abstract:

Mobility contributes to a society's ability to reach on overall efficient outcome. Convention evolution in a society with mobile players and local interaction was examined using the aspects of limited mobility, imperfect observation of play and friction in the adjustment process. Among the three, limited mobility was shown capable of preventing a society from playing efficiently in coordination games.

Organizational Methods NEC, Organizational change, Social mobility, Organizational behavior

---

Keeping one step ahead of the Joneses: status, the distribution of wealth, and long run growth

Article Abstract:

The effect of status preference on long-term balanced growth is influenced by the type of consumers involved. An endogenous growth model developed showed that if all consumers are identical, a strong status preference tends to create a high long run rate of balanced growth path. On the other hand, if agents are heterogenous, a rise in savings incentives tends to lower the long run growth rate.

Economics, Research and Development in the Social Sciences and Humanities, Economic development, Wealth

---

Similar abstracts:

• Abstracts: Output Variability and Economic Growth: the Japanese Case. Endogenous distribution and equilibrium growth: a note
• Abstracts: Inflation expectations in manufacturing industry. Will the strength of sterling slow growth? Are the official estimates of productivity growth giving the MPC misleading signals?
• Abstracts: The value of quantitative evidence on the effect of the past on the present. Why, indeed, in America? Theory, history, and the origins of modern economic growth
• Abstracts: Investigating the JPY/DEM-rate: arbitrage opportunities and a case for asymmetry. Forecasting market share using predicted values of competitive behavior: further empirical results
• Abstracts: Ratio-Lindahl equilibria and an informationally efficient and implementable mixed-ownership system. A model of institutional formation within a rent seeking environment

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.