This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Interdependent Preferences and Groups of Agents

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
 Reiter, Stanley

Additional information is available for the following registered author(s):

Abstract

An individual's preferences are assumed to be malleable and may be influenced by the preferences of others. Mutual interaction among individuals whose preferences are interdependent powers a dynamic process in which preference profiles evolve over time. Two formulations of the dynamic process are presented. One is an abstract model in which the iteration of a mapping from profiles to profiles defines a discrete time dynamic process; the other is a linear discrete time process specified in more detail. Examples motivate the model and illustrate its application. Conditions are given for the existence of a stable preference profile--a rest point of the dynamic process. A stable profile is naturally associated with a division, not in general unique, of the set of agents into subgroups with the property that preference interdependencies within a subgroup are "stronger" than those across subgroups. The conventional case in which each agent's preference relation is exogenously given is, in this model, the special case where each subgroup consists of just one agent. Copyright 2001 by Blackwell Publishing Inc.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.blackwell-synergy.com/servlet/useragent?func=synergy&synergyAction=showTOC&journalCode=jpet&volume=3&issue=1&year=2001&part=null
File Format: text/html
File Function: link to full text
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.

Volume (Year): 3 (2001)
Issue (Month): 1 ()
Pages: 27-67
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:bla:jpbect:v:3:y:2001:i:1:p:27-67

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=1097-3923

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Gibbard, Allan, 1974. "A Pareto-consistent libertarian claim," Journal of Economic Theory, Elsevier, vol. 7(4), pages 388-410, April. [Downloadable!] (restricted)
  2. Lindbeck, Assar & Weibull, Jorgen W, 1988. "Altruism and Time Consistency: The Economics of Fait Accompli," Journal of Political Economy, University of Chicago Press, vol. 96(6), pages 1165-82, December. [Downloadable!] (restricted)
  3. Bergstrom, Theodore C, 1999. " Systems of Benevolent Utility Functions," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(1), pages 71-100. [Downloadable!] (restricted)
    Other versions:
  4. Sen, Amartya, 1970. "The Impossibility of a Paretian Liberal," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 152-57, Jan.-Feb.. [Downloadable!] (restricted)
  5. Gilboa, Itzhak & Schmeidler, David, 1988. "Information dependent games : Can common sense be common knowledge?," Economics Letters, Elsevier, vol. 27(3), pages 215-221. [Downloadable!] (restricted)
  6. Geanakoplos, John & Pearce, David & Stacchetti, Ennio, 1989. "Psychological games and sequential rationality," Games and Economic Behavior, Elsevier, vol. 1(1), pages 60-79, March. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Conley, John P. & Toossi, Ali & Wooders, Myrna, 2001. "Evolution & voting : how nature makes us public spirited," The Warwick Economics Research Paper Series (TWERPS) 601, University of Warwick, Department of Economics. [Downloadable!]
  2. John Conley & Ali Toossi & Myrna Wooders, 2006. "Memetics and voting: how nature may make us public spirited," International Journal of Game Theory, Springer, vol. 35(1), pages 71-90, December. [Downloadable!] (restricted)
Statistics
Access and download statistics

Did you know? There are NEP reports in over 80 fields that deliver new research to your email.

This page was last updated on 2009-11-22.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.