Landscape in the Economy of Conspicuous Consumptions
AbstractPsychological states side by side with the bounded rational expectations among social agents contributes to the pattern of consumptions in economic system. One of the psychological states are the envy – a tendency to emulate any gaps with other agents’ properties. The evolutionary game theoretic works on conspicuous consumption are explored by growing the micro-view of economic agency in lattice-based populations, the landscape of consumptions. The emerged macro-view of multiple equilibria is shown in computational simulative demonstrations altogether with the spatial clustered agents based upon the emerged agents’ economic profiles.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22948.
Date of creation: 07 May 2010
Date of revision:
conspicuous consumption; behavioral economics; agent-based simulations;
Find related papers by JEL classification:
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- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
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- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-04 (All new papers)
- NEP-CBE-2010-06-04 (Cognitive & Behavioural Economics)
- NEP-CMP-2010-06-04 (Computational Economics)
- NEP-EVO-2010-06-04 (Evolutionary Economics)
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