Dynamic linear economies with social interactions
dc.contributor.author | Özgür, Onur | |
dc.contributor.author | Bisin, Alberto | |
dc.date.accessioned | 2011-04-18T19:06:37Z | |
dc.date.available | 2011-04-18T19:06:37Z | |
dc.date.issued | 2011-02-15 | |
dc.identifier.uri | http://hdl.handle.net/1866/4828 | |
dc.publisher | Université de Montréal. Département de sciences économiques. | fr |
dc.subject | Conditional covariance stationarity | en |
dc.subject | conformity | en |
dc.subject | ergodicity | en |
dc.subject | habits | en |
dc.subject | identication | en |
dc.subject | local and global interactions | en |
dc.subject | Markov perfect equilibrium | en |
dc.subject | social interactions | en |
dc.subject | social norms | en |
dc.subject | social processes | en |
dc.subject | social status | en |
dc.subject | spatial correlations | en |
dc.title | Dynamic linear economies with social interactions | en |
dc.type | Article | |
dc.contributor.affiliation | Université de Montréal. Faculté des arts et des sciences. Département de sciences économiques | |
dcterms.abstract | Social interactions arguably provide a rationale for several important phenomena, from smoking and other risky behavior in teens to e.g., peer effects in school performance. We study social interactions in dynamic economies. For these economies, we provide existence (Markov Perfect Equilibrium in pure strategies), ergodicity, and welfare results. Also, we characterize equilibria in terms of agents' policy function, spatial equilibrium correlations and social multiplier effects, depending on the nature of interactions. Most importantly, we study formally the issue of the identification of social interactions, with special emphasis on the restrictions imposed by dynamic equilibrium conditions. | en |
dcterms.isPartOf | urn:ISSN:0709-9231 | |
dcterms.language | eng | en |
UdeM.VersionRioxx | Version publiée / Version of Record | |
oaire.citationTitle | Cahier de recherche | |
oaire.citationIssue | 2011-03 |
Files in this item
This item appears in the following Collection(s)
This document disseminated on Papyrus is the exclusive property of the copyright holders and is protected by the Copyright Act (R.S.C. 1985, c. C-42). It may be used for fair dealing and non-commercial purposes, for private study or research, criticism and review as provided by law. For any other use, written authorization from the copyright holders is required.