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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}. 1st ed. Karviná: Silesian University, School of Business Administration, 2012, p.~518-523. ISBN~978-80-7248-779-0.
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