An Economic Model of Acculturation under Strategic Complements and Substitutes, with Sebastiano della Lena
We propose a cultural transmission model based on the co-evolution of cultural traits, behaviors, and socialization levels. Cultural traits affect agents’ behavior during their interaction in a strategic environment. In turn, behaviors affect both how much parents directly socialize their children and the traits they decide to transmit. We describe the co-evolution of cultural traits and behaviors, and their long-run outcomes, in terms of well-established acculturation processes: assimilation, integration, marginalization, and separation. We characterize how the occurrence of each process depends on the nature of the strategic environment (complements or substitutes), the cost of transmitting traits, and the size of the majority.
Work in Progress
Learning New Models from Prices, with Filippo Massari
Long-run Effect of a Transaction Tax in Speculative Markets, with Filippo Massari and Arianna Traini