Local Interactions
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are ‘close’ to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular forms of externalities, their presence typically suggests government action. I survey and discuss existing theoretical work on economies with local interactions and point to areas for further research.
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| Length: | 66 pages |
| Date of creation: | 2010 |
| Date of revision: | |
| Handle: | RePEc:mtl:montde:2010-06 |
| Contact details of provider: | Postal: Phone: (514) 343-6540 Fax: (514) 343-5831 Web page: http://www.sceco.umontreal.ca More information through EDIRC
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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.:
- Aureo de Paula, 2004.
"Inference in a Synchronization Game with Social Interactions,"
PIER Working Paper Archive
07-017, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 May 2007.
- de Paula, Áureo, 2009. "Inference in a synchronization game with social interactions," Journal of Econometrics, Elsevier, vol. 148(1), pages 56-71, January.
- Blume,L.E. & Durlauf,S.N., 2005. "Identifying social interactions : a review," Working papers 12, Wisconsin Madison - Social Systems.
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