| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061037 | Economics Letters | 2009 | 4 Pages |
Abstract
We propose an evolutionary theory of how economic environments shape individual preferences. Consumption is assumed to have both a standard utilitarian payoff, and a biological payoff which determines long-term survival. We show that heterogeneous preference types can co-exist in equilibrium.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jannet Chang, Ronald Stauber,