Abstract
In this article, we briefly review the models of social interactions concerning the pricing of goods with Bandwagon properties.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Becker GS (1991) A note on restaurant pricing and other examples of social influences on price. J Polit Econ 99:1109–1116
Bouchaud J-P (2013) Crises and collective socio-economic phenomena: cartoon models and challenges. J Stat Phys 151(3):567–606
Gordon MB, Nadal J-P, Phan D, Semeshenko V (2013) Entanglement between demand and supply in markets with bandwagon goods. J Stat Phys 151(3):494–522
Gordon MB, Nadal J-P, Phan D, Semeshenko V (2009) Discrete choices under social influence: generic properties. Math Models Methods Appl Sci 19(1):1441–1481
Granovetter M (1978) Threshold models of collective behavior. Am J Sociol 83(6):1360–1380
Schelling TS (1978) Micromotives and macrobehavior. Norton, New York
Sethna JP (2006) Statistical mechanics: entropy, order parameters and complexity. Oxford University Press, Oxford
Acknowledgements
We are grateful to David Martimort for helpful suggestions and Annick Vignes for useful comments. This work was part of the project ELICCIR supported by the joint programme “Complex Systems in Human and Social Sciences” of the French Ministry of Research and of the CNRS, and of the project DyXi supported by the Programme SYSCOMM of the French National Research Agency, the ANR (grant ANR-08-SYSC-008). M.B.G., J.-P.N. and D.P. are CNRS members.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer International Publishing Switzerland
About this paper
Cite this paper
Gordon, M.B., Nadal, JP., Phan, D., Semeshenko, V. (2014). Pricing of Goods with Bandwagon Properties: The Curse of Coordination. In: Abergel, F., Aoyama, H., Chakrabarti, B., Chakraborti, A., Ghosh, A. (eds) Econophysics of Agent-Based Models. New Economic Windows. Springer, Cham. https://doi.org/10.1007/978-3-319-00023-7_13
Download citation
DOI: https://doi.org/10.1007/978-3-319-00023-7_13
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-00022-0
Online ISBN: 978-3-319-00023-7
eBook Packages: Physics and AstronomyPhysics and Astronomy (R0)