We propose an exchange economy evolutionary model with agents heterogeneous in the structure of preferences. Assuming that the share updating mechanism is non-monotone in the calorie intake, we find multistability phenomena involving equilibria characterized by the coexistence of heterogeneous agents.

Naimzada, A., Pireddu, M. (2016). Endogenous evolution of heterogeneous consumers preferences: Multistability and coexistence between groups. ECONOMICS LETTERS, 142, 22-26 [10.1016/j.econlet.2016.02.018].

Endogenous evolution of heterogeneous consumers preferences: Multistability and coexistence between groups

Naimzada, A;Pireddu, M
2016

Abstract

We propose an exchange economy evolutionary model with agents heterogeneous in the structure of preferences. Assuming that the share updating mechanism is non-monotone in the calorie intake, we find multistability phenomena involving equilibria characterized by the coexistence of heterogeneous agents.
Articolo in rivista - Articolo scientifico
Coexistence; Endogenous preferences; Evolution; Multistability;
Endogenous preferences; Evolution; Multistability; Coexistence
English
22
26
5
Naimzada, A., Pireddu, M. (2016). Endogenous evolution of heterogeneous consumers preferences: Multistability and coexistence between groups. ECONOMICS LETTERS, 142, 22-26 [10.1016/j.econlet.2016.02.018].
Naimzada, A; Pireddu, M
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/107322
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