We provide a simple micro-foundation of the tourism area life cycle hypothesis, based on
tourists' utility maximization. As a result of social interactions among tourists which determine …

We analyze the implications of innovation and social interactions on economic growth in a
stylized endogenous growth model with heterogeneous research firms. A large number of …

We analyze the effectiveness of environmental policy in a framework in which households'
utility is determined by both private and social components, representing their extrinsic and …

In the context of diffusion of innovations, we propose a probabilistic model based on
interacting populations connected through new communication channels. The potential …

This paper incorporates information uncertainty and social interaction among investors into
a random utility framework and develops a dynamic equilibrium model of asset pricing and …

We propose a discrete-time stochastic dynamics for a system of many interacting agents. At
each time step agents aim at maximizing their individual payoff, depending on their action …

We develop an analytically tractable population dynamics model of heterogeneous agents
to characterize how social interactions within a neighborhood determine the dynamic …

Inspired by the classical riot model proposed by Granovetter in 1978, we consider a
parametric stochastic dynamical system that describes the collective behavior of a large …

This paper incorporates information uncertainty and social interaction among investors into
a random utility framework and develops an evolutionary equilibrium model of asset pricing …

Even if the rhetoric of the Internet and the new digital media seems to have radically
changed our technological environment, historical recurrences are relevant tools in order to …