Dynamics in stochastic evolutionary models
نویسندگان
چکیده
We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions and con ict and illustrate the theory with the fall of the Qing Dynasty and rise of Communism in China. JEL Classi cation Numbers: C73 (Evolutionary Games)
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