Chapter 13. Local Interactions

Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are close to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular forms of externalities, their presence typically suggests government action. I survey and discuss existing theoretical work on economies with local interactions and point to areas for further research.

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Year of publication:	2011
Authors:	zgr, Onur
Published in:	Handbook of social economics : volume 1. - Amsterdam : Elsevier/North-Holland, ISBN 0-444-53713-9. - 2011, p. 587-644
Subject:	Conformity \| externalities \| local interactions \| Markov perfect equilibrium \| multiple equilibria \| rational expectations \| social interactions \| social multiplier \| strategic complementarities \| Soziale Beziehungen \| Social relations \| Rationale Erwartung \| Rational expectations \| Spieltheorie \| Game theory \| Externer Effekt \| Externalities \| Gleichgewichtstheorie \| Equilibrium theory \| Gleichgewichtsmodell \| Equilibrium model

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-444-53187-2.00013-9 [DOI]
Classification:	C3 - Econometric Methods: Multiple/Simultaneous Equation Models ; C33 - Models with Panel Data ; C62 - Existence and Stability Conditions of Equilibrium ; C72 - Noncooperative Games ; C73 - Stochastic and Dynamic Games ; D9 - Intertemporal Choice and Growth ; D62 - Externalities ; D50 - General Equilibrium and Disequilibrium. General ; Z13 - Social Norms and Social Capital
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014025690