Social interaction and conformism in a random utility model

DOI10.1016/j.jedc.2012.06.005zbMath1346.91078OpenAlexW2149135867MaRDI QIDQ318863

Marco Tolotti, Emilio Basrucci

Publication date: 6 October 2016

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2012.06.005

zbMATH Keywords

mean field interactionsocial interactionrandom utility modelsconformismcontinuous time Markov chains

Mathematics Subject Classification ID

Utility theory (91B16) Heterogeneous agent models (91B69) Applications of continuous-time Markov processes on discrete state spaces (60J28)

Related Items (4)

Strategic interaction in trend-driven dynamics ⋮ Endogenous growth and technological progress with innovation driven by social interactions ⋮ Awareness, persuasion, and adoption: enriching the Bass model ⋮ Dangerous tangents: an application of \(\Gamma\)-convergence to the control of dynamical systems

Cites Work

• Large portfolio losses: A dynamic contagion model
• A simple asset pricing model with social interactions and heterogeneous beliefs
• Discrete Choice with Social Interactions
• Identification of Endogenous Social Effects: The Reflection Problem
• QUEUING, SOCIAL INTERACTIONS, AND THE MICROSTRUCTURE OF FINANCIAL MARKETS
• Coordinating Coordination Failures in Keynesian Models
• A Theory of Social Custom, of Which Unemployment May be One Consequence
• Equilibrium Concepts for Social Interaction Models

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