Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/150273 
Year of Publication: 
2016
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 11 [Issue:] 1 [Publisher:] The Econometric Society [Place:] New Haven, CT [Year:] 2016 [Pages:] 89-131
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions and conflict and illustrate the theory with the fall of the Qing Dynasty and rise of Communism in China.
Subjects: 
Evolution
conventions
markov chains
state power
JEL: 
C73
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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