Abstract
dc:descriptionChapter Three explores how the economic environment may shape individual preferences, which are typically taken as exogenous when modeling individual behavior. Despite the fact that agents can trade at comparative prices, agents modify their preferences so that they favor the good that they are better at producing. This equilibrium is stable and unique subject to certain assumptions. Furthermore, in equilibrium, heterogenous preferences may coexist, as opposed to the monomorphic population assumption in the ESS (Evolutionarily Stable Strategy) concept.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Economics
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2015
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Chang, Jannet Kai-Jen
- Contributors dc:contributor
-
- Stefan Krasa
Subjects
dc:subject × 1Rights
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
- (MiAaPQ)AAI3160870
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/85552