Dynamics in stochastic evolutionary models

Salvatore Modica, David K. Levine

Risultato della ricerca: Article

5 Citazioni (Scopus)

Abstract

We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions and conflict, and illustrate the theory with the fall of the Qing dynasty and the rise of communism in China.
Lingua originaleEnglish
pagine (da-a)89-131
Numero di pagine43
RivistaTHEORETICAL ECONOMICS
Volume11
Stato di pubblicazionePublished - 2016

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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