Environments of Networked Consumers: Random Processes in the Generation of Institutional Forms

Steven D. Silver

Chapter 3 in Networked Consumers, 2012, pp 34-62 from Palgrave Macmillan

Abstract: Abstract In previous chapters, the importance that environments can have to networked consumers in a disequilibrium model has been emphasized. The form given to effects of environments that enter microprocessing decomposes these effects into cycle and randomness. In this chapter, I will elaborate on the importance that randomness can have in the dynamics of the disequilibrium model at aggregate levels. This will be through the economic and social institutions that define structure in environments of networked consumers. After discussing the general importance of randomness at aggregate levels and what I consider to be the common understating of this importance, I will review backgrounds for randomness as generating processes in disciplines that are cited as the source of selectionist processes.

Keywords: Social Process; Gini Coefficient; Stochastic Resonance; Network Member; Small World Network (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36255-0_3

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DOI: 10.1057/9780230362550_3

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