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fads model and under a moderately explosive bubble process: these alternative hypotheses give opposite predictions with …
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We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
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limiting behaviour of the statistic under a multivariate fads model and under a moderately explosive bubble process: these …
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An empirically founded and widely established driving force in opinion dynamics is homophily i.e. the tendency of "birds of a feather" to "flock together". The closer our opinions are the more likely it is that we will interact and converge. Models using these assumptions are called bounded...
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