Relational Influence and Chaos in a Neutral Network Model
Frédéric Deroïan ()
G.R.E.Q.A.M. from Universite Aix-Marseille III
Abstract:
We consider an economic system composed of interacting potential adopters of a technology. We build a model of interindividual influence effects in which part of the links can be negative, in a context of bounded rational choice. The article shows how the sole relationships topology on a network composed of homogenous agents can entail the long run convergence or endogenous fluctuations in the state of the agents, including possibly chaotic dynamics.
Keywords: ECONOMICS; MICROECONOMICS; ECONOMIC MODELS; INFORMATION; LEARNING; TECHNOLOGY (search for similar items in EconPapers)
JEL-codes: A12 A14 D11 D83 O33 (search for similar items in EconPapers)
Pages: 12 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a37
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