Dynamic systems of social interactions

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2010
Volume: 73
Issue: 2
Pages: 158-170

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

We state conditions for existence and uniqueness of equilibria in evolutionary models with an infinity of locally and globally interacting agents. Agents face repeated discrete choice problems. Their utility depends on the actions of some designated neighbors and the average choice throughout the whole population. We show that the dynamics on the level of aggregate behavior can be described by a deterministic measure-valued integral equation. If some form of positive complementarities prevails we establish convergence and ergodicity results for aggregate activities. We apply our convergence results to study a class of population games with random matching.

Technical Details

RePEc Handle
repec:eee:jeborg:v:73:y:2010:i:2:p:158-170
Journal Field
Theory
Author Count
1
Added to Database
2026-02-02