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EMULATION, PREVENTION AND SOCIAL INTERACTION IN CONSUMPTION DYNAMICS
Author(s) -
FatásVillafranca Francisco,
Saura Dulce,
Vázquez Francisco J.
Publication year - 2007
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.2007.00282.x
Subject(s) - emulation , consumption (sociology) , economics , diversity (politics) , transformation (genetics) , dynamics (music) , microeconomics , social dynamics , work (physics) , evolutionary dynamics , economic system , computer science , sociology , artificial intelligence , economic growth , social science , engineering , mechanical engineering , biochemistry , chemistry , pedagogy , population , demography , anthropology , gene
In this paper we show that the role of diversity, local interactions and global endogenous change at the level of social standards might be crucial in understanding the evolution of consumption patterns in modern economies. We propose an evolutionary model from which consumption dynamics can be analyzed as global properties emerging from the endogenous transformation of a society inhabited by boundedly rational interactive consumers. This work aspires to take a modest step forward in the direction of an evolutionary theory of demand change.