Nadal, Jean-Pierre; Phan, Denis; Gordon, Mirta; … - In: Quantitative Finance 5 (2005) 6, pp. 557-568
We explore the effects of social influence in a simple market model in which a large number of agents face a binary choice: to buy/not to buy a single unit of a product at a price posted by a single seller (monopoly market). We consider the case of positive externalities: an agent is more...