Emulation, Prevention and Social Interaction in Consumption Dynamics

27 Pages Posted: 26 Oct 2007

See all articles by Francisco Fatás-Villafranca

Francisco Fatás-Villafranca

University of Zaragoza

Dulce Saura

University of Zaragoza - Fac. CC. Económicas y empresariales

Francisco J. Vázquez

Universidad Autonoma de Madrid

Abstract

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.

Suggested Citation

Fatás-Villafranca, Francisco and Saura, Dulce and Vázquez, Francisco J., Emulation, Prevention and Social Interaction in Consumption Dynamics. Metroeconomica, Vol. 58, No. 4, pp. 582-608, November 2007, Available at SSRN: https://ssrn.com/abstract=1024337 or http://dx.doi.org/10.1111/j.1467-999X.2007.00282.x

Francisco Fatás-Villafranca (Contact Author)

University of Zaragoza ( email )

Zaragoza, 50005
Spain

Dulce Saura

University of Zaragoza - Fac. CC. Económicas y empresariales ( email )

Zaragoza, 50005
Spain

Francisco J. Vázquez

Universidad Autonoma de Madrid ( email )

Facultad de Ciencias Económicas y Empresariales
Madrid
Spain
914975244 (Phone)

HOME PAGE: http://rincon.uam.es/cgi-bin/v2/dir.cgi

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