This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
American Economic Journal: Microeconomics: Vol. 2 No. 1 (February 2010)
AEJ: Micro Volume. 2, Issue 1 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
AEJ: Micro Forthcoming Articles
Full-text Article
View Comments on This Article (0) | Login to post a comment
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
Explore:
AEJ: Micro Forthcoming Articles
Social Reinforcement: Cascades, Entrapment, and Tipping
Article Citation
Heal, Geoffrey, and
Howard Kunreuther. 2010. "Social Reinforcement: Cascades, Entrapment, and Tipping."
American Economic Journal: Microeconomics,
2(1): 86-99.
DOI: 10.1257/mic.2.1.86
DOI: 10.1257/mic.2.1.86
Abstract
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, cascading, and clubs with entrapment
are natural consequences of this mutual reinforcement. If there
are several equilibria, one of which Pareto dominates, then the inefficient
equilibria can be tipped to the efficient one, a result of interest
in the context of coordination problems. We characterize the smallest
tipping set. (JEL C72, D80, D85, Z13)
Article Full-Text Access
Full-text Article
Authors
Heal, Geoffrey (Columbia U)
Kunreuther, Howard (U PA)
Kunreuther, Howard (U PA)
JEL Classifications
C72: Noncooperative Games
D80: Information, Knowledge, and Uncertainty: General
D85: Network Formation and Analysis: Theory
Z13: Economic Sociology; Economic Anthropology; Social and Economic Stratification
D80: Information, Knowledge, and Uncertainty: General
D85: Network Formation and Analysis: Theory
Z13: Economic Sociology; Economic Anthropology; Social and Economic Stratification
Comments
View Comments on This Article (0) | Login to post a comment
