2018

Cultural Leader and the Dynamics of Assimilation

Reprint No. 2018:32

Author(s): Thierry Verdier and Yves ZenouYear: 2018 Title: Journal of Economic Theory Volume (No.): 175 (May) Pages: 374–414
Online article (restrictions may apply)


This paper studies the population dynamics of cultural traits in a model of intergenerational cultural transmission with a perfectly-forward looking cultural leader. We show that there exists a threshold size in terms of population above which the cultural leader becomes active. We also show that a policy affecting some key parameters (such as the cost of providing the religious good) has a different impact in the short run and in the long run due to over-reactions or under-reactions of the different cultural groups. Finally, we study the cultural competition between two forward-looking cultural leaders with opposite objectives. We show that the steady-state cultural equilibrium depends on the time preference structure of the two leaders.


Reference:
Verdier, Thierry and Yves Zenou (2018), "Cultural Leader and the Dynamics of Assimilation". Journal of Economic Theory 175(May), 374–414.

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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