Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81239
Authors: 
Basu, Kaushik
Weibull, Jörgen W.
Year of Publication: 
2002
Series/Report no.: 
IUI Working Paper 582
Abstract: 
A people's culture, norms and habits are important determinants not just of the quality of social life but of economic progress and growth. In this paper we take the view that while the importance of culture is undeniable, the innateness of culture is not. We work here with a single example and demonstrate how a human trait which is widely believed to be cultural is at the same time a matter of choice. The example that we shall work with concerns punctuality. We show that punctuality may be simply an equilibrium response of individuals to what they expect others to do. The same society can get caught in a punctual equilibrium or a non-punctual equilibrium.
Subjects: 
Punctuality
Coordination Games
JEL: 
C62
C72
D29
D71
Document Type: 
Working Paper

Files in This Item:
File
Size
248.89 kB





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