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Social Influence and the Matthew Mechanism: The Case of an Artificial Cultural Market

Miia Bask and Mikael Bask

No 2013:11, Working Paper Series from Uppsala University, Department of Economics

Abstract: We show that the Matthew effect, or Matthew mechanism, was present in the artificial cultural market Music Lab when social influence between individuals was allowed, whereas this was not the case when social influence was not allowed. We also sketch on a class of social network models, derived from social influence theory, that may gener-ate the Matthew effect. Thus, we propose a theoretical framework that may explain why the most popular songs were much more popular, and the least popular songs were much less popular, than when disallowing social influence between individuals.

Keywords: Matthew effect; Music Lab; social influence; social network (search for similar items in EconPapers)
JEL-codes: C31 C65 Z19 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2013-06-26
New Economics Papers: this item is included in nep-cdm, nep-cul, nep-net and nep-soc
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Journal Article: Social influence and the Matthew mechanism: The case of an artificial cultural market (2014) Downloads
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