… Do as the Romans do. A model of conformity with the endogenous formation of preferences
Viviana Di Giovinazzo () and
Ahmad Naimzada ()
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2012, vol. 41, issue 5, 654-658
This note is an answer to a previous model on conformity in public goods contributions developed by Carpenter (2004), where a population evolution is allowed according to the standard replicator dynamic (Taylor and Jonker, 1978; Maynard Smith, 1982). To confirm his theoretical prediction, Carpenter developed an experiment showing that free riding actually grows faster when agents have the information necessary to conform. The model and the experiment are, however, inherently different, for the time scales of the model are not able to capture the short run convergence of behavior in the experimental laboratory.
Keywords: Conformity; Public good; Replicator dynamic; Endogenous preferences; Path dependence (search for similar items in EconPapers)
JEL-codes: C72 C92 H41 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:eee:soceco:v:41:y:2012:i:5:p:654-658
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