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generalized extreme value distribution. The diffusion coefficient of an opinion increases linearly with the number of opinions …
Persistent link: https://www.econbiz.de/10010882958
Many explanations for the sigmoid or S-shaped curves that characterize the diffusion of innovations through time have … underlying social forces that structure diffusion through both space and time. Using historic New England gravestones and their … among consumers can generate both wave-like diffusion patterns through space and lead to the persistence of cultural …
Persistent link: https://www.econbiz.de/10009653116
In this paper, we consider the following nonlinear single species diffusive system \begin{eqnarray*} \dot{x}_i(t)&=& x_i(t)\left(b_i(t)-\sum_{k=1}^{l_i}a_{ik}(t)(x_i(t))^{\beta_{ik}}\right)\\ && +\,\sum_{j=1}^{n}D_{ij}(t)(x_j(t)-x_i(t)),\quad (i,j=1,2,\ldots,n), \end{eqnarray*} where bi(t),...
Persistent link: https://www.econbiz.de/10004977708
An earlier study [24] concluded, based on computer simulations and some inferences from empirical data, that languages will change the more slowly the larger the population gets. We replicate this study using a more complete language model for simulations (the Schulze model combined with a...
Persistent link: https://www.econbiz.de/10005047488
Monte Carlo simulations of a Sznajd model show that if a near-consensus is formed out of four initially equally widespread opinions, the one which at intermediate times is second in the number of adherents usually loses out against the third-placed opinion.
Persistent link: https://www.econbiz.de/10005047499
The financial decisions of durable goods makers can impose spillovers on their consumers. Namely, durable goods provide a consumption stream that frequently depends on services provided by the manufacturer (e.g., warranties, parts, and maintenance). Manufacturer bankruptcy, or even the...
Persistent link: https://www.econbiz.de/10013140995
A wide body of empirical evidence finds that around 25 percent of fiscal stimulus payments (e.g., tax rebates) are spent on nondurable household consumption in the quarter that they are received. To interpret this fact, we develop a structural economic model where households can hold two assets:...
Persistent link: https://www.econbiz.de/10013121052
When consumers exhibit present bias and are time-inconsistent, the standard solution to market failures caused by externalities--Pigouvian pricing--is suboptimal. I investigate policies aimed at externalities for time-inconsistent consumers. Welfare-maximizing policy in this case includes an...
Persistent link: https://www.econbiz.de/10013124551
-period preferences from discounting is necessary to forecast the diffusion of a durable good under alternative marketing strategies. We …
Persistent link: https://www.econbiz.de/10013100670
Dynamically and statically optimal Pigouvian subsidies on durables will differ in a growing economy. For durables with positive externalities, such as sanitation, statically optimal subsidies will typically grow. However, in a dynamic game, governments can most cheaply induce optimal purchasing...
Persistent link: https://www.econbiz.de/10013000512