Boucher, Vincent; Rendall, Michelle; Ushchev, Philip; … - 2023
There is substantial empirical evidence showing that peer effects matter in many activities. The workhorse model in … empirical work on peer effects is the linear-in-means (LIM) model, whereby it is assumed that agents are linearly affected by … the mean action of their peers. We develop a new general model of peer effects that relaxes the linear assumption of the …