Local Interactions

Onur Ozgur

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are `close' to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular forms of externalities, their presence typically suggests government action. I survey and discuss existing theoretical work on economies with local interactions and point to areas for further research.

Keywords: Conformity; externalities; local interactions; Markov perfect equilibrium; multiple equilibria; rational expectations; social interactions; social multiplier; strategic complementarities (search for similar items in EconPapers)
JEL-codes: C31 C33 C62 C72 C73 D50 D62 D9 Z13 (search for similar items in EconPapers)
Pages: 69 pages
Date: 2010
New Economics Papers: this item is included in nep-evo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
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Related works:
Working Paper: Local Interactions (2010)
Working Paper: Local Interactions (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:14-2010

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