Markets, Social Networks, and Endogenous Preferences

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F12%3A00074613" target="_blank" >RIV/00216224:14560/12:00074613 - isvavai.cz</a>
Result on the web
<a href="http://www.econ.muni.cz/~qasar/models/netlogo_5_0_2/endogpref.html" target="_blank" >http://www.econ.muni.cz/~qasar/models/netlogo_5_0_2/endogpref.html</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Markets, Social Networks, and Endogenous Preferences
Original language description
This paper generalizes the Bell?s model (?Locally interdependent preferences in a general equilibrium environment,? JEBO, 2002), and models an interaction between a market, endogenous preferences, and a general social network. Contrary to Bell?s results,1) the system need not to converge, 2) the agents? preferences need not to be polarized, 3) the agents? preferences need not to adjust in the proportion to the availability (only the more abundant good can be consumed in one type of equilibrium), and 4)the agents with the same preferences need not to be clustered.
Czech name
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Czech description
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Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 30th International Conference Mathematical Methods in Economics
ISBN
9788072487790
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
518-523
Publisher name
Silesian University, School of Business Administration
Place of publication
Karviná
Event location
Karviná
Event date
Sep 11, 2012
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000316715900089

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