nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2009‒11‒21
six papers chosen by
Matthew Baker
City University of New York

  1. Drivers of Globalization: An Evolutionary Perspective on Firm-State Relations in the Asian Newly Industrialized Economies By Henry Wai-chung Yeung
  2. Measurement of Social Preference from Utility-Based Choice Experiments By Katsunori Yamada; Masayuki Sato; Yasuhiro Nakamoto
  3. Learning Self-Control By S. Nageeb Ali
  4. Altruism and Social Integration. By Pablo Brañas-Garza; Ramón Cobo-Reyes; María Paz Espinosa; Natalia Jiménez; Jaromír Kovárík; Giovanni Ponti
  5. Equilibrium Trust By Luca Anderlini; Daniele Terlizzese
  6. Consumer theory with bounded rational preferences By Gerasimou, Georgios

  1. By: Henry Wai-chung Yeung
    Abstract: The emergence of firms from the Asian Newly Industrialized Economies (NIEs) in the global economy during the past two decades has been phenomenal. Many pundits have attributed the competitive success of these Asian NIE firms and their home economies to the relentless efforts of the so-called developmental states. They argue that state initiatives such as active industrial policy and financial support have enabled these "national champions" to venture into and compete successfully in the global economy. This statist approach to the globalization of Asian firms and their home economies, however, has unfortunately ignored the complex and dynamic evolutionary nature of firm-state relations within the changing context of economic globalization. Drawing upon an institutional and evolutionary theory of change and adjustments, I aim to explain how the global emergence of Asian firms cannot be simply read off from and explained by their embeddedness in the developmental state. Since the 1990s, these Asian firms have strategically disembedded from state apparatus and successfully reembedded themselves in dynamic global production networks. This shift of strategic partnership of Asian firms from firm-state to firm-firm networks has profound implications for our understanding of the present and future trajectories of regional economies in Asia. It presages the demise of the developmental state as the primary driver of economic change and growth in Asian economies. In developing my conceptualization of changing firm-state relations, this paper draws upon several emerging and interrelated research frontiers in economic geography that call for more theoretical attention to trans-local actors and processes, evolutionary dynamics of change, and institutional contexts.
    Keywords: Firm-state relations, evolutionary dynamics, globalization, selection environment, global production networks
    JEL: L50 O19 P16
    Date: 2009–11
  2. By: Katsunori Yamada; Masayuki Sato; Yasuhiro Nakamoto
    Abstract: Ever since the classical works of Smith and Veblen, economists have recognized that individuals care about their relative positions and status in addition to their own consumption. This paper addresses a new framework of choice experiments in order to specify the shape of utility function with preference externalities. Theoretical studies on social preference, which are conducted without estimating or calibrating important parameters of social preference and put forward various propositions in accordance with the parameters assumed, can refer to the parameters estimated in this paper. Our findings complement those of happiness studies which support the view of social preference. We show that preference externality is, on average, characterized by jealousy among Japanese respondents, and also that heterogeneity in social preference parameters is driven by differences in income levels, age, and gender.
    Date: 2009–11
  3. By: S. Nageeb Ali
    Date: 2009–11–10
  4. By: Pablo Brañas-Garza (Universidad de Granada); Ramón Cobo-Reyes (Universidad de Granada); María Paz Espinosa (The University of the Basque Country); Natalia Jiménez (Universidad de Granada); Jaromír Kovárík (The University of the Basque Country); Giovanni Ponti (Università di Ferrara and Universidad de Alicante)
    Abstract: We report on a two-stage experiment in which i) we first elicit the social network within a section of undergraduate students and ii) we then measure their altruistic attitudes by means of a standard Dictator game. We observe that more socially integrated subjects are also more altruistic, as betweenness centrality and reciprocal degree are positively correlated with the level of giving, even after controlling for framing and social distance, which have been shown to significantly affect giving in previous studies. Our findings suggest that social distance and social integration are complementary determinants of altruistic behavior.
    Keywords: Altruism, centrality, social network experiments.
    JEL: C93 D85
    Date: 2009–11–16
  5. By: Luca Anderlini; Daniele Terlizzese
    Date: 2009–11–05
  6. By: Gerasimou, Georgios
    Abstract: The neoclassical consumer maximizes utility and makes choices by completely preordering the feasible alternatives and weighing when indifferent. The consumer studied in this paper chooses by weighing when indifferent and also when indecisive, without necessarily preordering the alternatives or exhausting her budget. Preferences therefore need not be complete, transitive or non-satiated but are assumed strictly convex and "adaptive". The latter axiom is new and parallels that of ambiguity aversion in choice under uncertainty.
    Keywords: preferences: incomplete; intransitive; convex; adaptive; representation; demand.
    JEL: D11 D01
    Date: 2009–01–28

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