作者
Emilio Barucci, Marco Tolotti
发表日期
2012
期刊
Journal of Economic Dynamics and Control
卷号
36
期号
12
页码范围
1855-1866
简介
We analyze a class of dynamic binary choice models with social interaction. Agents are heterogeneous and their degree of conformism (taste externality) changes over time endogenously. We show that social interaction in itself is not enough to observe multiple equilibria and that the equilibrium outcome is not necessarily a polarized society. The social outcome depends on the law of motion that drives the evolution of taste externality.
学术搜索中的文章
E Barucci, M Tolotti - Journal of Economic Dynamics and Control, 2012