Discrete Choice and the Social Multiplier PDF Download
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Author: Scott Duke Kominers
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
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Book Description
This note extends the Brock and Durlauf (2001) model of discrete choice with social interactions to a setting with multiple locations. This generalization leads to a closed-form measure of the quot;social multiplierquot; akin to that of Glaeser, Sacerdote, and Scheinkman (2003). The dynamics of this multiplier expose the relationship between the aggregate social outcome and the strength of the social multiplier.
Author: Scott Duke Kominers
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
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Book Description
This note extends the Brock and Durlauf (2001) model of discrete choice with social interactions to a setting with multiple locations. This generalization leads to a closed-form measure of the quot;social multiplierquot; akin to that of Glaeser, Sacerdote, and Scheinkman (2003). The dynamics of this multiplier expose the relationship between the aggregate social outcome and the strength of the social multiplier.
Author: William A. Brock
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: William A. Brock
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
This paper provides an analysis of aggregate behavioral outcomes when individual utility exhibits social interaction effects. We study generalized logistic models of individual choice which incorporate terms reflecting the desire of individuals to conform to the behavior of others in an environment of noncooperative decisionmaking. Laws of large numbers are generated in such environments. Multiplicity of equilibria in these models, which are equivalent to the existence of multiple self-consistent means for average choice behavior, will exist when the social interactions exceed a particular threshold. Local stability of these multiple equilibria is also studied. The properties of the noncooperative economy are contrasted with the properties of an economy in which a social planner determines the set of individual choices. The model is additionally shown to be well suited to explaining a number of empirical phenomena, such as threshold effects in individual behavior, ethnic group fixed effects of income equations, and large cross-group differences in binary choice behavior.
Author: William A. Brock
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Jess Benhabib
Publisher: Newnes
ISBN: 0444537139
Category : Business & Economics
Languages : en
Pages : 1509
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Book Description
How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function
Author: Jess Benhabib
Publisher: Elsevier
ISBN: 0444531874
Category : Business & Economics
Languages : en
Pages : 940
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Book Description
How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function Matthew O Jackson has contributed to Handbooks in Economics: Social Economics Set as an editor. Matthew O. Jackson is the William D. Eberle Professor of Economics at Stanford University
Author: Hans Westlund
Publisher: Edward Elgar Publishing
ISBN: 1783476834
Category : Business & Economics
Languages : en
Pages : 574
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Book Description
The role of social capital in regional development is a multifaceted topic which is studied all over the world using various methods and across numerous disciplines. It has long been evident that social capital is important for regional development, however, it is less clear how this works in practice. Do all types of social capital have the same effects and are different kinds of regions impacted in the same way? This book is the first to offer an overview of this rapidly expanding field of research and to thoroughly analyse the complex issue of social capital and regional development.
Author: William A. Brock
Publisher:
ISBN:
Category : Choice (Psychology)
Languages : en
Pages : 39
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Book Description
Author:
Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493
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Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author: Pasquale Commendatore
Publisher: Springer
ISBN: 3319408038
Category : Business & Economics
Languages : en
Pages : 363
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Book Description
This volume sheds light on the current state of complex networks and nonlinear dynamics applied to the understanding of economic and social phenomena ranging from geographical economics to macroeconomics and finance, and its purpose is to give readers an overview of several interesting topics for research at an intermediate level. Three different and interdisciplinary, but complementary, aspects of networks are put together in a single piece, namely: (i) complex networks theory, (ii) applied network analysis to social and economic interrelations, and (iii) dynamical evolution of systems and networks. The volume includes contributions from excellent scholars in economics and social sciences as well as leading experts in the fields of complex networks and nonlinear dynamics.
