Arbeitspapier
Evolutionary Dynamics of Globalization
The expansion of markets globalization was reversed during early 20th century and unfettered markets gave in to the welfare state and central planning. But the markets have been striking back since the early 1980s. Governments are withdrawn from economic activities, and many structural market reforms are implemented. Now the question is: Can the forces that market expansion create again reverse this expansion? This paper seeks an answer to this question by constructing an evolutionary game theoretical framework in which market and egalitarian societies appear as evolutionarily stable states and shows that catastrophic events such as the Great Depression can indeed cause switch over between evolutionarily stable states.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 2008/16
- Klassifikation
-
Wirtschaft
Current Heterodox Approaches: Historical; Institutional; Evolutionary
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
- Thema
-
globalization
evolutionary game theory
evolutionarily stable states
behavioural strategies
Globalisierung
Evolutionäre Spieltheorie
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Canpolat, Naci
Ozel, Hüseyin
- Ereignis
-
Veröffentlichung
- (wer)
-
Turkish Economic Association
- (wo)
-
Ankara
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Canpolat, Naci
- Ozel, Hüseyin
- Turkish Economic Association
Entstanden
- 2008
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