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Relational Influence and Chaos in a Neutral Network Model

Author

Listed:
  • Deroian, F.

Abstract

We consider an economic system composed of interacting potential adopters of a technology. We build a model of interindividual influence effects in which part of the links can be negative, in a context of bounded rational choice. The article shows how the sole relationships topology on a network composed of homogenous agents can entail the long run convergence or endogenous fluctuations in the state of the agents, including possibly chaotic dynamics.

Suggested Citation

  • Deroian, F., 1999. "Relational Influence and Chaos in a Neutral Network Model," G.R.E.Q.A.M. 99a37, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:99a37
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    More about this item

    Keywords

    ECONOMICS ; MICROECONOMICS ; ECONOMIC MODELS ; INFORMATION ; LEARNING ; TECHNOLOGY;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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