Abstract
We propose an evolutionary theory of how economic environments shape individual preferences. Consumption is assumed to have both a standard utilitarian payoff, and a biological payoff which determines long-term survival. We show that heterogeneous preference types can co-exist in equilibrium.
Original language | English |
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Pages (from-to) | 131-134 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 103 |
Issue number | 3 |
DOIs | |
Publication status | Published - Jun 2009 |