Arbeitspapier
Punctuality - A Cultural Trait as Equilibrium
A people's culture, norms and habits are important determinants not just of the quality of social life but of economic progress and growth. In this paper we take the view that while the importance of culture is undeniable, the innateness of culture is not. We work here with a single example and demonstrate how a human trait which is widely believed to be cultural is at the same time a matter of choice. The example that we shall work with concerns punctuality. We show that punctuality may be simply an equilibrium response of individuals to what they expect others to do. The same society can get caught in a punctual equilibrium or a non-punctual equilibrium.
- Language
-
Englisch
- Bibliographic citation
-
Series: IUI Working Paper ; No. 582
- Classification
-
Wirtschaft
Existence and Stability Conditions of Equilibrium
Noncooperative Games
Production and Organizations: Other
Social Choice; Clubs; Committees; Associations
- Subject
-
Punctuality
Coordination Games
Zeit
Kultursoziologie
Institutionelle Infrastruktur
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Basu, Kaushik
Weibull, Jörgen W.
- Event
-
Veröffentlichung
- (who)
-
The Research Institute of Industrial Economics (IUI)
- (where)
-
Stockholm
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Basu, Kaushik
- Weibull, Jörgen W.
- The Research Institute of Industrial Economics (IUI)
Time of origin
- 2002
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