About: Markets, social networks, endogenous preferences, and opinion leaders

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	This paper studies the impact of opinion leaders (“stars”) and their fans on equilibrium market prices within the Bell’s model (JEBO 2002). The simulation shows that 1) the model may not converge when the opinion leader consumes the good that is extremely scarce---it can create infinite cycles in her fans’ preferences; 2) the preferences may not be completely polarized in the same situation---the agents with non-polarized preferences prevent the cycles; 3) while the agents in the Bell’s model consume only the more abundant good when the other good is extremely scarce, the presence of the opinion leader eliminates this when she consumes the scarce good, and 4) the presence of the opinion leader and her fans can sometimes surprisingly lower the price of the good that the opinion leader consumes. This paper studies the impact of opinion leaders (“stars”) and their fans on equilibrium market prices within the Bell’s model (JEBO 2002). The simulation shows that 1) the model may not converge when the opinion leader consumes the good that is extremely scarce---it can create infinite cycles in her fans’ preferences; 2) the preferences may not be completely polarized in the same situation---the agents with non-polarized preferences prevent the cycles; 3) while the agents in the Bell’s model consume only the more abundant good when the other good is extremely scarce, the presence of the opinion leader eliminates this when she consumes the scarce good, and 4) the presence of the opinion leader and her fans can sometimes surprisingly lower the price of the good that the opinion leader consumes. (en)
Title	Markets, social networks, endogenous preferences, and opinion leaders Markets, social networks, endogenous preferences, and opinion leaders (en)
skos:prefLabel	Markets, social networks, endogenous preferences, and opinion leaders Markets, social networks, endogenous preferences, and opinion leaders (en)
skos:notation	RIV/00216224:14560/13:00074743!RIV15-MSM-14560___
http://linked.open...avai/riv/aktivita	S
http://linked.open...avai/riv/aktivity	S
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Kvasnička, Michal
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Masarykova univerzita / Ekonomicko-správní fakulta
http://linked.open...dnocenehoVysledku	86423
http://linked.open...ai/riv/idVysledku	RIV/00216224:14560/13:00074743
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	endogenous preferences; market; social network; opinion leaders; agent-based simulation (en)
http://linked.open.../riv/klicoveSlovo	agent-based simulation market social network endogenous preferences opinion leaders
http://linked.open...ontrolniKodProRIV	[EC0AF5DDC8E3]
http://linked.open...v/mistoKonaniAkce	Jihlava
http://linked.open...i/riv/mistoVydani	Jihlava
http://linked.open...i/riv/nazevZdroje	Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2013
http://linked.open...iv/tvurceVysledku	Kvasnička, Michal
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open...ain/vavai/riv/wos	000335578000087
http://linked.open.../riv/zahajeniAkce	2013-01-01 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	College of Polytechnics Jihlava
https://schema.org/isbn	9788087035764
http://localhost/t...ganizacniJednotka	14560

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