Heterogeneity in preferences and behavior in threshold models
Philip R Neary () and
Jonathan Newton ()
Additional contact information
Philip R Neary: Royal Holloway University of London, UK
The Journal of Mechanism and Institution Design, 2017, vol. 2, issue 1, 141-159
A coordination game is repeatedly played on a graph by players (vertices) who have heterogeneous cardinal preferences and whose strategy choice is governed by the individualistic asynchronous logit dynamic. The idea of potential driven autonomy of sets of players is used to derive results on the possibility of heterogeneous preferences leading to heterogeneous behavior. In particular, a class of graphs is identified such that for large enough graphs in this class, diversity in ordinal preferences will nearly always lead to heterogeneity in behavior, regardless of the cardinal strength of the preferences. These results have implications for network design problems, such as when a social planner wishes to induce homogeneous/heterogeneous behavior in a population.
Keywords: Heterogeneity; potential; networks. (search for similar items in EconPapers)
JEL-codes: C72 C73 D02 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jmi:articl:jmi-v2i1a5
Access Statistics for this article
More articles in The Journal of Mechanism and Institution Design from Society for the Promotion of Mechanism and Institution Design, University of York Contact information at EDIRC.
Series data maintained by Paul Schweinzer ().