Local Interactions

Onur Ozgur

CIRANO Working Papers from CIRANO

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. Les interactions locales concernent les phénomènes socio-économiques où les choix des individus sont influencés par les choix des autres qui sont proches d'eux socialement ou géographiquement. Cela représente une image assez juste de l'expérience humaine. De plus, puisque les interactions sociales sont en fait des externalités particulières, leur présence implique typiquement l'intervention gouvernementale. Dans cet article, je présente la littérature théorique récente sur les interactions locales et propose diverses avenues de recherche.

Keywords: Conformity; externalities; local interactions; Markov perfect equilibrium; multiple equilibria; rational expectations; social interactions; social multiplier; strategic complementarities.; Anticipations rationales; conformité; équilibre de Markov parfait; équilibres multiples; externalités; interactions locales; interactions sociales; multiplicateur social; complémentarités stratégiques. (search for similar items in EconPapers)
JEL-codes: C31 C33 C62 C72 C73 D50 D62 D9 Z13 (search for similar items in EconPapers)
Date: 2010-09-01
New Economics Papers: this item is included in nep-evo and nep-ure
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https://cirano.qc.ca/files/publications/2010s-37.pdf

Related works:
Working Paper: Local Interactions (2010)
Working Paper: Local Interactions (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2010s-37

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