Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/31863 
Year of Publication: 
2006
Series/Report no.: 
Papers on Economics and Evolution No. 0607
Publisher: 
Max Planck Institute of Economics, Jena
Abstract: 
In recent economic literature, there has been an increasing interest in modelling preferences as endogenous. Some arguments go along the lines that institutions shape preferences. This paper suggests that adopting a more substantive concept of preferences furthers our understanding of how they systematically shape institutions. We integrate social-psychological concepts and combine them with an account of learning. Thus, a model of the dynamic interrelation between preferences and institutions can be developed. While institutional change can certainly be partly explained in terms of changing incentives, we offer an approach that goes beyond the standard explanation.
Subjects: 
endogenous preferences
institutional change
learning
attitudes
wants
social instincts
JEL: 
O12
D79
Z00
Document Type: 
Working Paper

Files in This Item:
File
Size
208.45 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.