A Note on Stability of Self-Consistent Equilibrium in an Asynchronous Model of Discrete-Choice with Social Interaction

Taisei Kaizoji ()

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to demonstrate that dynamic paths in a model of discrete choice with social interactions, which have been developed by Brock and Durlauf (1999, 2001a, 2001b, 2006), converge some self-consistent equilibrium. To this aim, we propose an asynchronous model of discrete-choice with social interaction2 , in which the only individual selected cyclically is updated.

Keywords: binary choice; social interactions; stability of self-consistent equilibrium; asynchronous model (search for similar items in EconPapers)
JEL-codes: C02 C25 C44 C45 D71 D85 (search for similar items in EconPapers)
Date: 2012-05-10
New Economics Papers: this item is included in nep-dcm, nep-hpe and nep-ure
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