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Statistical Mechanics Approaches to Socioeconomic Behavior Author info | Abstract | Publisher info | Download info | Related research | Statistics Steven N. Durlauf
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This paper provides a unified framework for interpreting a wide range of interactions models which have appeared in the economics literature. A formalization taken from the statistical mechanics literature is shown to encompass a number of socioeconomic phenomena ranging from out of wedlock births to aggregate output to crime. The framework bears a close relationship to econometric models of discrete choice and therefore holds the potential for rendering interactions models estimable. A number of new applications of statistical mechanics to socioeconomic problems are suggested.
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Paper provided by Santa Fe Institute in its series Working Papers with number
96-08-069.
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Date of creation: Aug 1996Date of revision:
Handle: RePEc:wop:safiwp:96-08-069Contact details of provider: Postal: 1399 Hyde Park Road, Santa Fe, New Mexico 87501 Web page: http://www.santafe.edu/sfi/publications/working-papers.html More information through EDIRC
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Keywords: Interactions models ; socioeconomic behavior ; 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.: William A. Brock, 1993.
"Pathways to randomness in the economy: Emergent nonlinearity and chaos in economics and finance ,"
Estudios Económicos ,
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Other versions: Peter Bak & Kan Chen & Jose Scheinkman & Michael Woodford, 1992.
"Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics ,"
NBER Working Papers
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[Downloadable!] (restricted)
Other versions:
Bak, Per & Chen, Kan & Scheinkman, Jose & Woodford, Michael, 1993.
"Aggregate fluctuations from independent sectoral shocks: self-organized criticality in a model of production and inventory dynamics ,"
Ricerche Economiche ,
Elsevier, vol. 47(1), pages 3-30, March.
[Downloadable!] (restricted) Durlauf, Steven N, 1991.
"Multiple Equilibria and Persistence in Aggregate Fluctuations ,"
American Economic Review ,
American Economic Association, vol. 81(2), pages 70-74, May.
[Downloadable!] (restricted)
Other versions: repec:att:wimass:199521 is not listed on IDEAS
repec:att:wimass:19956 is not listed on IDEAS
Durlauf, Steven N, 1993.
"Nonergodic Economic Growth ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 60(2), pages 349-66, April.
[Downloadable!] (restricted)
Other versions: Benabou, Roland, 1996.
"Equity and Efficiency in Human Capital Investment: The Local Connection ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 63(2), pages 237-64, April.
[Downloadable!] (restricted)
Glaeser, Edward L & Sacerdote, Bruce & Scheinkman, Jose A, 1996.
"Crime and Social Interactions ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 111(2), pages 507-48, May.
[Downloadable!] (restricted)
Other versions:
Edward E. Glaeser & Bruce Sacerdote & Jose A. Scheinkman, 1995.
"Crime and Social Interactions ,"
Harvard Institute of Economic Research Working Papers
1738, Harvard - Institute of Economic Research.
Edward L. Glaeser & Bruce Sacerdote & Jose A. Scheinkman, 1995.
"Crime and Social Interactions ,"
NBER Working Papers
5026, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Glaeser, E.L. & Scheinkman, J.A. & Sacerdote, J.A., 1995.
"Crime and Social Interactions ,"
Papers
e-95-2, Stanford - Hoover Institution.
repec:att:wimass:199530 is not listed on IDEAS
Blume Lawrence E., 1993.
"The Statistical Mechanics of Strategic Interaction ,"
Games and Economic Behavior ,
Elsevier, vol. 5(3), pages 387-424, July.
[Downloadable!] (restricted)
repec:att:wimass:19966 is not listed on IDEAS
Lawrence Blume, 1996.
"Population Games ,"
Game Theory and Information
9607001, EconWPA.
[Downloadable!]
Other versions: William A. Brock & Steven N. Durlauf, 1995.
"Discrete Choice with Social Interactions I: Theory ,"
Working Papers
95-10-084, Santa Fe Institute.
Other versions: Stigler, George J & Becker, Gary S, 1977.
"De Gustibus Non Est Disputandum ,"
American Economic Review ,
American Economic Association, vol. 67(2), pages 76-90, March.
William A. Brock & Cars H. Hommes, 1995.
"Rational Routes to Randomness ,"
Working Papers
95-03-029, Santa Fe Institute.
Schelling, Thomas C, 1969.
"Models of Segregation ,"
American Economic Review ,
American Economic Association, vol. 59(2), pages 488-93, May.
[Downloadable!] (restricted)
Michael Suk-Young Chwe, 1996.
"Structure and Strategy in Collective Action: Communication and Coordination in Social Networks ,"
Working Papers
96-12-092, Santa Fe Institute.
Fernandez, Raquel & Rogerson, Richard, 1996.
"Income Distribution, Communities, and the Quality of Public Education ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 111(1), pages 135-64, February.
[Downloadable!] (restricted)
repec:att:wimass:192007 is not listed on IDEAS
Cooper, Russell & John, Andrew, 1988.
"Coordinating Coordination Failures in Keynesian Models ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 103(3), pages 441-63, August.
[Downloadable!] (restricted)
Kirman, Alan P., 1983.
"Communication in markets : A suggested approach ,"
Economics Letters ,
Elsevier, vol. 12(2), pages 101-108.
[Downloadable!] (restricted)
Benabou, Roland, 1993.
"Workings of a City: Location, Education, and Production ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 108(3), pages 619-52, August.
[Downloadable!] (restricted)
Other versions: Durlauf, Steven N, 1996.
" A Theory of Persistent Income Inequality ,"
Journal of Economic Growth ,
Springer, vol. 1(1), pages 75-93, March.
Other versions:
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.)
H. Tordjman, 1998.
"Some General Questions About Markets ,"
Working Papers
ir98025, International Institute for Applied Systems Analysis.
[Downloadable!]
Alejandro Gaviria & Steven Raphael, 1997.
"School-Based Peer Effects and Juvenile Behavior ,"
University of California at San Diego, Economics Working Paper Series
97-21, Department of Economics, UC San Diego.
[Downloadable!]
Other versions: Scott E. Page, 1998.
"Uncertainty, Difficulty, and Complexity ,"
Research in Economics
98-08-076e, Santa Fe Institute.
[Downloadable!]
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