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The Diffusion of Innovations in Social Networks

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Author Info
H Peyton Young

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Abstract

We consider processes in which new technologies and forms of behavior are transmitted through social and geographic networks Agents adopt behaviors based on a combination of their inherent payoff and their local popularity (the number of neighbors who have adopted them) subject to some random error We characterize the long-run dynamics of such processes in terms of the geometry of the network but without placing a priori restrictions on the network structure When agents interact in sufficiently small close-knit groups the expected waiting time until almost everyone is playing the stochastically stable equilibrium is bounded above independently of the number of agents and independently of the initial state

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Paper provided by The Johns Hopkins University,Department of Economics in its series Economics Working Paper Archive with number 437.

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Date of creation: May 2000
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Handle: RePEc:jhu:papers:437

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  1. Allen wilhite, 2005. "PD Games on Networks," Computing in Economics and Finance 2005 20, Society for Computational Economics. [Downloadable!]
  2. Istrate, Gabriel & Marathe, Madhav V. & Ravi, S.S., 2008. "Adversarial scheduling analysis of Game-Theoretic Models of Norm Diffusion," MPRA Paper 8170, University Library of Munich, Germany. [Downloadable!]
  3. Floortje Alkemade & Carolina Castaldi, 2005. "Strategies for the Diffusion of Innovations on Social Networks," Computational Economics, Springer, vol. 25(1), pages 3-23, February. [Downloadable!] (restricted)
  4. Jackson, Matthew O. & Yariv, Leeat, . "Diffusion on social networks," Working Papers 1251, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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This page was last updated on 2009-12-21.

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