Adjustment and social choice
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GΓ©rard Weisbuch; Dietrich Stauffer
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Article
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2003
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Elsevier Science
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English
β 179 KB
We discuss the in uence of information contagion on the dynamics of choices in social networks of heterogeneous buyers. Starting from an inhomogeneous cellular automata model of buyers dynamics, we show that when agents try to adjust their reservation price, the tatonnement process does not converge