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Credibility and strategic learning in networks
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Chatterjee, Kalyan and Dutta, Bhaskar (2016) Credibility and strategic learning in networks. International Economic Review, 57 (3). pp. 759-786. doi:10.1111/iere.12175 ISSN 0020-6598.
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Official URL: http://dx.doi.org/10.1111/iere.12175
Abstract
We analyze a model of diffusion in a fixed, finite connected network. There is an interested party that knows the quality of the product being propagated and chooses an implant in the network to influence other agents to buy. Agents are either “innovators,” who adopt immediately, or rational. Rational consumers buy if buying instead of waiting maximizes expected utility. We consider the conditions on the network under which optimal diffusion of the good product with probability 1 is a perfect Bayes equilibrium.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HF Commerce Q Science > QA Mathematics |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Consumer behavior -- Mathematical models, Bayesian statistical decision theory | ||||||||
Journal or Publication Title: | International Economic Review | ||||||||
Publisher: | Wiley-Blackwell Publishing, Inc. | ||||||||
ISSN: | 0020-6598 | ||||||||
Official Date: | 9 August 2016 | ||||||||
Dates: |
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Volume: | 57 | ||||||||
Number: | 3 | ||||||||
Page Range: | pp. 759-786 | ||||||||
DOI: | 10.1111/iere.12175 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 2 February 2017 | ||||||||
Date of first compliant Open Access: | 2 February 2017 | ||||||||
Funder: | Human Capital Foundation, Vavilov, Andreĭ, 1961- , Pennsylvania State University. Richard B. Fisher Endowment |
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