G2TT
来源类型Article
规范类型其他
DOI10.1093/icc/8.2.353
Demand dynamics with socially evolving preferences.
Aversi R; Dosi G; Fagiolo G; Meacci M; Olivetti C
发表日期1999
出处Industrial and Corporate Change 8 (2): 353-408
出版年1999
语种英语
摘要In this work we, first, identify a few stylized facts concerning microconsumption acts. Second, building on them, we develop a simple model of 'boundedly rational' consumers who endogenously evolve their preferences via both innovation and social imitation. Third, we explore some statistical properties of the demand patterns generated by the model which, despite its simplicity, are surprisingly in line with the empirical evidence. These results, we suggest, bring encouraging support to microfoundations of demand theory based on cognitive and behavioral foundations more in tune with the psychological and sociological evidence, based on heterogeneous agents who are much less 'rational' and much more social than in standard theory, and who collectively discover 'along the way' what they like within a growing universe of available commodities.
主题Adaptive Dynamics Network (ADN)
URLhttp://pure.iiasa.ac.at/id/eprint/12890/
来源智库International Institute for Applied Systems Analysis (Austria)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/127779
推荐引用方式
GB/T 7714
Aversi R,Dosi G,Fagiolo G,et al. Demand dynamics with socially evolving preferences.. 1999.
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