RESEARCH PAPER NO. 847

EVOLUTION OF SOCIAL BEHAVIOR IN THE GLOBAL ECONOMY: THE REPLICATOR DYNAMICS WITH MIGRATION

BY

SUREN BASOV

MAY 2002

Department of Economics. University of Melbourne. Melbourne Victoria 3010 Australia

In this paper I consider the effects of migration on the spread and the speed of the propagation of new conventions, technologies, etc. I show that the speed of the propagation increases with the openness of the economy. The application of the model to the equilibrium selection in 2 x 2 coordination games is also discussed.

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