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Evolutionary games and poverty traps / by Edgar J. Sánchez Carrera.
- Format:
- Book
- Author/Creator:
- Sánchez Carrera, Edgar J., 1980- author.
- Language:
- English
- Subjects (All):
- Game theory.
- Evolutionary economics.
- Economics, Mathematical.
- Economic development--Mathematical models.
- Economic development.
- Poverty traps.
- Physical Description:
- 1 online resource (146 p.)
- Place of Publication:
- Newcastle upon Tyne, England : Cambridge Scholars Publishing, 2016.
- Summary:
- This book explores how persistent states of underdevelopment can arise in strategic environments in which players are imitative rather than fully rational. Standard growth theory teaches that poverty traps are stable, low-level balanced growth paths to which economies gravitate due to adverse initial conditions or poor equilibrium selection. In other words, societies fail to take off into sustained growth because they started out as poor, with, for example, low longevity or poor human capital, or because they cannot invent institutions that successfully coordinate their investments.Evolutionar
- Notes:
- Description based upon print version of record.
- Includes bibliographical references at the end of each chapters.
- Description based on online resource; title from PDF title page (ebrary, viewed June 17, 2016).
- ISBN:
- 1-4438-8634-3
- OCLC:
- 936152220
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