Heal, Geoffrey; Kunreuther, Howard - In: American Economic Journal: Microeconomics 2 (2010) 1, pp. 86-99
The actions of different agents sometimes reinforce each other. Examples are network effects and the threshold models used by sociologists as well as (Harvey) Leibenstein's "bandwagon effects." We model such situations as a game with increasing differences, and show that tipping of equilibria,...