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A Model of Demand with Interactions Among Consumers

  • Cowan, R.
  • Cowan, W.
  • Swann, P.

The aim of this paper is to study emergent patterns of demand when there are social interactions between different consumers. Specially, our concern is with the case in which consumers' preferences are influenced by the consumption behaviour of others.

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Paper provided by University of Western Ontario, Department of Economics in its series UWO Department of Economics Working Papers with number 9609.

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Length: 27 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:uwo:uwowop:9609
Contact details of provider: Postal: Department of Economics, Reference Centre, Social Science Centre, University of Western Ontario, London, Ontario, Canada N6A 5C2
Phone: 519-661-2111 Ext.85244
Web page: http://economics.uwo.ca/research/research_papers/department_working_papers.html

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  1. Gintis, Herbert, 1974. "Welfare Criteria with Endogenous Preferences: The Economics of Education," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(2), pages 415-30, June.
  2. Durlauf, S.N., 1993. "Spillovers, Stratification, and Inequality," Working papers 9327, Wisconsin Madison - Social Systems.
  3. von Weizsacker, Carl Christian, 1971. "Notes on endogenous change of tastes," Journal of Economic Theory, Elsevier, vol. 3(4), pages 345-372, December.
  4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
  5. Feichtinger, G, et al, 1995. "Habit Formation with Threshold Adjustment: Addiction May Imply Complex Dynamics," Journal of Evolutionary Economics, Springer, vol. 5(2), pages 157-72, June.
  6. Edward C. Prescott & Michael Visscher, 1977. "Sequential Location among Firms with Foresight," Bell Journal of Economics, The RAND Corporation, vol. 8(2), pages 378-393, Autumn.
  7. Cowan, Robin, 1991. "Tortoises and Hares: Choice among Technologies of Unknown Merit," Economic Journal, Royal Economic Society, vol. 101(407), pages 801-14, July.
  8. Dockner, Engelbert J & Feichtinger, Gustav, 1993. "Cyclical Consumption Patterns and Rational Addiction," American Economic Review, American Economic Association, vol. 83(1), pages 256-63, March.
  9. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
  10. Pollak, Robert A, 1970. "Habit Formation and Dynamic Demand Functions," Journal of Political Economy, University of Chicago Press, vol. 78(4), pages 745-63, Part I Ju.
  11. Becker, Gary S & Murphy, Kevin M, 1988. "A Theory of Rational Addiction," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August.
  12. Granovetter, Mark & Soong, Roland, 1986. "Threshold models of interpersonal effects in consumer demand," Journal of Economic Behavior & Organization, Elsevier, vol. 7(1), pages 83-99, March.
  13. Partha Dasgupta & Joseph Stiglitz, 1980. "Uncertainty, Industrial Structure, and the Speed of R&D," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 1-28, Spring.
  14. Cowan, R. & Cowan, W., 1995. "Spatiality Dependant Interactions: A Statistical Approach to Spatial Equilibria. Technological Standardization and Variety," UWO Department of Economics Working Papers 9507, University of Western Ontario, Department of Economics.
  15. Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 841-77, October.
  16. Swann, P. & Tavakoli, M., 1994. "An econometric analysis of television viewing and the welfare economics of introducing an additional channel in the UK," Information Economics and Policy, Elsevier, vol. 6(1), pages 25-51, March.
  17. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-37, May.
  18. Katz, Michael L & Shapiro, Carl, 1985. "Network Externalities, Competition, and Compatibility," American Economic Review, American Economic Association, vol. 75(3), pages 424-40, June.
  19. Silverberg, Gerald & Dosi, Giovanni & Orsenigo, Luigi, 1988. "Innovation, Diversity and Diffusion: A Self-organisation Model," Economic Journal, Royal Economic Society, vol. 98(393), pages 1032-54, December.
  20. Archibald, G C & Rosenbluth, Gideon, 1975. "The "New" Theory of Consumer Demand and Monopolistic Competition," The Quarterly Journal of Economics, MIT Press, vol. 89(4), pages 569-90, November.
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