Pigeard de Almeida Prado, Fernando; Belitsky, Vladimir; … - In: Journal of Mathematical Economics 47 (2011) 4-5, pp. 642-653
We propose a discrete choice model of socially interacting consumers choosing between two product variants. The model shows that the discontinuity of demand as well as the demand polarization proposed by Becker (1991), A Note on Restaurant Pricing and Other Examples of Social Influences on...