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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18881| Title: | International trade and cultural diversity : a model of preference selection |
| Keywords: | D80 ddc:330 preferences evolution culture replicator dynamics international trade Außenwirtschaft Kleines-offenes-Land Präferenztheorie Kultur Landesgröße Evolutionsökonomik Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much larger than the other, its preferences can eventually take over the preferences of the second country. This result may provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade agreements. We also show that when the sensitivity of preferences to the relative price is high, the distribution of preferences can fluctuate cyclically over time. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18881 |
| Other Identifiers: | http://hdl.handle.net/10419/18881 ppn:396511325 |
| Appears in Collections: | EconStor |
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