Behavioral Influence

A-Tier
Journal: Journal of the European Economic Association
Year: 2023
Volume: 21
Issue: 1
Pages: 135-166

Authors (3)

Christopher P (not in RePEc) Tugce Cuhadaroglu (not in RePEc) Yusufcan Masatlioglu (University of Maryland)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In the context of stochastic choice, we introduce an individual decision model that admits a cardinal notion of peer influence. The model presumes that individual choice is not only determined by idiosyncratic evaluations of alternatives but also by the influence of the observed behavior of others. We establish that the equilibrium defined by the model is unique, stable, and falsifiable. Moreover, the underlying preferences and influence parameters as well as the structure of the underlying network are uniquely identified from, arguably, limited data. The baseline model includes two individuals with conformity motives. Generalizations to multi-individual settings and negative interactions are also introduced and analyzed.

Technical Details

RePEc Handle
repec:oup:jeurec:v:21:y:2023:i:1:p:135-166.
Journal Field
General
Author Count
3
Added to Database
2026-01-25