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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/18881
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| Title: | | International trade and cultural diversity : a model of preference selection  |
| Authors: | | Bala, Vankatesh Long, Ngo Van |
| Issue Date: | | 2004 |
| Series/Report no.: | | CESifo working papers 1242 |
| Abstract: | | We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much larger than the other, its preferences can eventually take over the preferences of the second country. This result may provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade agreements. We also show that when the sensitivity of preferences to the relative price is high, the distribution of preferences can fluctuate cyclically over time. |
| Subjects: | | preferences evolution culture replicator dynamics international trade |
| JEL: | | D80 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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