Skip to main content

Pricing of Goods with Bandwagon Properties: The Curse of Coordination

  • Conference paper
Econophysics of Agent-Based Models

Part of the book series: New Economic Windows ((NEW))

Abstract

In this article, we briefly review the models of social interactions concerning the pricing of goods with Bandwagon properties.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Becker GS (1991) A note on restaurant pricing and other examples of social influences on price. J Polit Econ 99:1109–1116

    Article  Google Scholar 

  2. Bouchaud J-P (2013) Crises and collective socio-economic phenomena: cartoon models and challenges. J Stat Phys 151(3):567–606

    Article  MathSciNet  ADS  MATH  Google Scholar 

  3. 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

    Article  MathSciNet  ADS  MATH  Google Scholar 

  4. 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

    Article  MathSciNet  MATH  Google Scholar 

  5. Granovetter M (1978) Threshold models of collective behavior. Am J Sociol 83(6):1360–1380

    Google Scholar 

  6. Schelling TS (1978) Micromotives and macrobehavior. Norton, New York

    Google Scholar 

  7. Sethna JP (2006) Statistical mechanics: entropy, order parameters and complexity. Oxford University Press, Oxford

    Google Scholar 

Download references

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

Authors

Corresponding author

Correspondence to Jean-Pierre Nadal .

Editor information

Editors and Affiliations

Rights and permissions

Reprints 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

Publish with us

Policies and ethics