Discrete Choice with Social Interactions (2000)
by
William A. Brock
,
Steven N. Durlauf
| Venue: | |
| Citations: | 107 - 8 self |
BibTeX
@MISC{Brock00discretechoice,
author = {William A. Brock and Steven N. Durlauf},
title = {Discrete Choice with Social Interactions},
year = {2000}
}
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Abstract
This paper provides an analysis of aggregate behavioral outcomes when individual utility exhibits social interaction effects. We study generalized logistic models of individual choice which incorporate terms reflecting the desire of individuals to conform to the behavior of others in an environment of noncooperative decisionmaking. Laws of large numbers are generated in such environments. Multiplicity of
