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dc.contributor.authorÖzgür, Onur
dc.contributor.authorBisin, Alberto
dc.date.accessioned2011-04-18T19:06:37Z
dc.date.available2011-04-18T19:06:37Z
dc.date.issued2011-02-15
dc.identifier.urihttp://hdl.handle.net/1866/4828
dc.publisherUniversité de Montréal. Département de sciences économiques.fr
dc.subjectConditional covariance stationarityen
dc.subjectconformityen
dc.subjectergodicityen
dc.subjecthabitsen
dc.subjectidenticationen
dc.subjectlocal and global interactionsen
dc.subjectMarkov perfect equilibriumen
dc.subjectsocial interactionsen
dc.subjectsocial normsen
dc.subjectsocial processesen
dc.subjectsocial statusen
dc.subjectspatial correlationsen
dc.titleDynamic linear economies with social interactionsen
dc.typeArticle
dcterms.abstractSocial 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.bibliographicCitationCahier de recherche ; #2011-03
dcterms.isPartOfurn:ISSN:0709-9231
dcterms.languageengen
UdeM.VersionRioxxVersion publiée / Version of Record


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