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The transmission of continuous cultural traits in endogenous social networks
- Hellmann, T., Panebianco, F.
- Economics letters 2018 v.167 pp. 51-55
- economics, parents, social networks
- Continuous cultural traits are transmitted across generations in a network which is under the control of parents. We derive optimal network choices, characterize the long-run outcome, and show that high socialization incentives lead to slow convergence of cultural traits.