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Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on...
Persistent link: https://www.econbiz.de/10012010074
Interaction, the act of mutual influence between two or more individuals, is an essential part of daily life and economic decisions. Yet, micro-foundations of interaction are unexplored. This paper presents a first attempt to this purpose. We study a decision procedure for interacting agents....
Persistent link: https://www.econbiz.de/10011240637
Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on...
Persistent link: https://www.econbiz.de/10011704862
Persistent link: https://www.econbiz.de/10011079470
We present a discrete choice model of consumption that incorporates two empirically validated aspects of consumer behaviour: inertia in consumption and interaction among consumers. We specify the interaction structure as a regular lattice with consumers interacting only with immediate...
Persistent link: https://www.econbiz.de/10008567806
We present a discrete choice model of consumption that incorporates two empirically validated aspects of consumer behaviour: inertia in consumption and interaction among consumers. We specify the interaction structure as a regular lattice with consumers interacting only with immediate...
Persistent link: https://www.econbiz.de/10010712298
The relationships between the agents integrating innovative spaces are essential for the development and success of these spaces. This article analyses the networks of relationships occurring in several technological areas. Our aim is to verify whether they follow or not the same pattern. These...
Persistent link: https://www.econbiz.de/10010992257