KVASNIČKA, Michal. Markets, Social Networks, and Endogenous Preferences. In Ramík, J., Stavárek, D. Proceedings of 30th International Conference Mathematical Methods in Economics. 1st ed. Karviná: Silesian University, School of Business Administration, 2012. p. 518-523. ISBN 978-80-7248-779-0.
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Basic information
Original name Markets, Social Networks, and Endogenous Preferences
Name in Czech Trhy, sociální sítě a endogenní preference
Authors KVASNIČKA, Michal (203 Czech Republic, guarantor, belonging to the institution).
Edition 1. vyd. Karviná, Proceedings of 30th International Conference Mathematical Methods in Economics, p. 518-523, 6 pp. 2012.
Publisher Silesian University, School of Business Administration
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW Paper and model's web interface
RIV identification code RIV/00216224:14560/12:00074613
Organization unit Faculty of Economics and Administration
ISBN 978-80-7248-779-0
UT WoS 000316715900089
Keywords (in Czech) endogenní preference; trhy; sociální sítě; multiagentová simulace
Keywords in English endogenous preferences; market; social network; agent-based simulation
Tags International impact, Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 10. 3. 2015 11:40.
Abstract
This paper generalizes the Bell’s model (“Locally interdependent preferences in a general equilibrium environment,” JEBO, 2002), and models an interaction between a market, endogenous preferences, and a general social network. Contrary to Bell’s results, 1) the system need not to converge, 2) the agents’ preferences need not to be polarized, 3) the agents’ preferences need not to adjust in the proportion to the availability (only the more abundant good can be consumed in one type of equilibrium), and 4) the agents with the same preferences need not to be clustered.
Abstract (in Czech)
Příspěvek zobecňuje model “Locally interdependent preferences in a general equilibrium environment,” (Bell, JEBO, 2002) a modeluje interakce mezi trhem, endogenními preferencemi a obecnou sociální sítí. Na rozdíl od výsledků Bell, 1) systém vždy nekonverguje, 2) preference agentů nemusejí být vždy polarizované, 3) preference agentů nemusejí vždy být proporcionální k dostupnosti statků (agenti mohou spotřebovávat pouze hojný statek) a 4) agenti se stejnými preferencemi nemusejí tvořit geografické klastry.
Links
MUNI/A/0796/2011, interní kód MUName: Mikroekonomické základy politiky hospodářské soutěže a jejich praktické aplikace (Acronym: MizaHoPo)
Investor: Masaryk University, Category A
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