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@inproceedings{15542,
author = {Kvasnička, Michal},
address = {Karviná},
booktitle = {Proceedings of 30th International Conference Mathematical Methods in Economics},
edition = {1},
keywords = {endogenous preferences; market; social network; agent-based simulation},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Karviná},
isbn = {978-80-7248-779-0},
pages = {518-523},
publisher = {Silesian University, School of Business Administration},
title = {Markets, Social Networks, and Endogenous Preferences},
url = {http://www.econ.muni.cz/~qasar/models/netlogo_5_0_2/endogpref.html},
year = {2012}
}
TY - JOUR
ID - 15542
AU - Kvasnička, Michal
PY - 2012
TI - Markets, Social Networks, and Endogenous Preferences
PB - Silesian University, School of Business Administration
CY - Karviná
SN - 9788072487790
KW - endogenous preferences
KW - market
KW - social network
KW - agent-based simulation
UR - http://www.econ.muni.cz/~qasar/models/netlogo_5_0_2/endogpref.html
N2 - This paper generalizes the Bell’s model (“Locally interdependent preferences in a general equilibrium environment,” JEBO, 2002), and models an interaction between a market, endogenous preferences, and a general social network. Contrary to Bell’s results, 1) the system need not to converge, 2) the agents’ preferences need not to be polarized, 3) the agents’ preferences need not to adjust in the proportion to the availability (only the more abundant good can be consumed in one type of equilibrium), and 4) the agents with the same preferences need not to be clustered.
ER -
KVASNIČKA, Michal. Markets, Social Networks, and Endogenous Preferences. In \textit{Proceedings of 30th International Conference Mathematical Methods in Economics}. 1. vyd. Karviná: Silesian University, School of Business Administration, 2012, s.~518-523. ISBN~978-80-7248-779-0.
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