Control by social influence: durables vs. non-durables

Bary Pradelski ()
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Bary Pradelski: POLARIS - Performance analysis and optimization of LARge Infrastructures and Systems - Centre Inria de l'Université Grenoble Alpes - Inria - Institut National de Recherche en Informatique et en Automatique - LIG - Laboratoire d'Informatique de Grenoble - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]

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Abstract: Individual behavior such as the adoption of new products is influenced by taking account of others' actions. We study social influence in a heterogeneous population and analyze the behavior of the dynamic processes. We distinguish between two information regimes: (i) agents are influenced by the adoption ratio, (ii) agents are influenced by the usage history. We identify the stable equilibria and long-run frequencies of the dynamics. We then show that the two processes generate qualitatively different dynamics, leaving characteristic 'footprints'. In particular, (ii) favors more extreme outcomes than (i). This has direct implications for the control of policy interventions.

Date: 2019-12-11
Note: View the original document on HAL open archive server: https://hal.science/hal-03100218v1
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Published in CDC 2019 - IEEE 58th Conference on Decision and Control, Dec 2019, Nice, France. pp.3478-3483, ⟨10.1109/CDC40024.2019.9030059⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03100218

DOI: 10.1109/CDC40024.2019.9030059

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