Information contagion and the economics of pollution
Economic choices involving pollution, like those concerning common resources, relate to the emergence of cooperation among actors. Since pollution propagates in space, the temporal dynamics of economic choices is coupled to the spatial dynamics of pollution. We start from a simple description of the...
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| Veröffentlicht in: | Journal of economic behavior & organization 1996-05, Vol.29 (3), p.389-407 |
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| container_end_page | 407 |
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| container_issue | 3 |
| container_start_page | 389 |
| container_title | Journal of economic behavior & organization |
| container_volume | 29 |
| creator | Weisbuch, Gérard Gutowitz, Howard Duchateau-Nguyen, Guillemette |
| description | Economic choices involving pollution, like those concerning common resources, relate to the emergence of cooperation among actors. Since pollution propagates in space, the temporal dynamics of economic choices is coupled to the spatial dynamics of pollution. We start from a simple description of the internal representations of the agents proposed by Arthur and Lane (1993) to describe information contagion. The simulations done in this paper allow us to discuss the maximum price that the agents agree to pay for non-polluting devices as a function of pollution, propagation of information and memory characteristics of the agents. We also characterize the spatio-temporal dynamics of choices, market shares and pollution. |
| doi_str_mv | 10.1016/0167-2681(95)00079-8 |
| format | Article |
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| ispartof | Journal of economic behavior & organization, 1996-05, Vol.29 (3), p.389-407 |
| issn | 0167-2681 1879-1751 |
| language | eng |
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| source | RePEc; Elsevier ScienceDirect Journals Complete; Periodicals Index Online; Applied Social Sciences Index & Abstracts (ASSIA) |
| subjects | Bounded rationality Dynamics Economic models Economic theory Environmental economics Information Pollution Pollution control Rational expectations Simulation Studies |
| title | Information contagion and the economics of pollution |
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