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

C-Tier
Journal: Economics Letters
Year: 2016
Volume: 142
Issue: C
Pages: 22-26

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:142:y:2016:i:c:p:22-26
Journal Field
General
Author Count
2
Added to Database
2026-01-26