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Local Interactions

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  • ÖZGÜR, Onur

Abstract

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.

Suggested Citation

  • ÖZGÜR, Onur, 2010. "Local Interactions," Cahiers de recherche 2010-06, Universite de Montreal, Departement de sciences economiques.
  • Handle: RePEc:mtl:montde:2010-06
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    File URL: https://papyrus.bib.umontreal.ca/xmlui/handle/1866/4228
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    References listed on IDEAS

    as
    1. Blume,L.E. & Durlauf,S.N., 2005. "Identifying social interactions : a review," Working papers 12, Wisconsin Madison - Social Systems.
    2. de Paula, Áureo, 2009. "Inference in a synchronization game with social interactions," Journal of Econometrics, Elsevier, pages 56-71.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Conformity; externalities; local interactions; Markov perfect equilibrium; multiple equilibria; rational expectations; social interactions; social multiplier; strategic complementarities.;

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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