Calvó-Armengol, Antoni; Jackson, Matthew O. - In: American Economic Journal: Microeconomics 1 (2009) 1, pp. 124-50
We build an overlapping generations model where an individual sees higher returns to adopting a behavior as many neighbors adopt the behavior. We show that overlap in the state of a parent and child's neighborhood can lead to correlation in parent-child behavior independent of any parent-child...