A Note on Stability of Self-Consistent Equilibrium in an Asynchronous Model of Discrete-Choice with Social Interaction

The aim of this paper is to demonstrate that dynamic paths in a model of discrete choice with social interactions, which have been developed by Brock and Durlauf (1999, 2001a, 2001b, 2006), converge some self-consistent equilibrium. To this aim, we propose an asynchronous model of discrete-choice with social interaction2 , in which the only individual selected cyclically is updated.

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Year of publication:	2012-05-10
Authors:	Kaizoji, Taisei
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	binary choice \| social interactions \| stability of self-consistent equilibrium \| asynchronous model

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D71 - Social Choice; Clubs; Committees; Associations ; C44 - Statistical Decision Theory; Operations Research ; C02 - Mathematical Methods ; C45 - Neural Networks and Related Topics ; C25 - Discrete Regression and Qualitative Choice Models ; D85 - Network Formation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011111857