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Persistent link: https://www.econbiz.de/10011975038
Abstract Desiring conformity but lacking common labels with which to identify the different options, a population employs reliable social connections to identify paths through which decisions can disseminate. A leader serves the population by coordinating adoption and therefore increasing...
Persistent link: https://www.econbiz.de/10014045565
This paper examines network formation among a connected population with a preference for conformity and leadership. Agents build stable personal relationships to achieve coordinated actions. The network serves as a repository of collective experiences so that cooperation can emerge from simple,...
Persistent link: https://www.econbiz.de/10014035047