CEU Electronic Theses and Dissertations, 2024
| Author | Ghorbani Poor Dashtaki, Mohammad |
|---|---|
| Title | Seek the News: Innovation Diffusion, Social Learning and Heterogeneous Agents |
| Summary | The slow diffusion of innovation is a key puzzle in development economics and other disciplines as well. Various theories suggest factors like heterogeneity of agents, tendency to social learning, geographical distance, and network structure as influential. This study introduces a game-theoretic model where heterogeneous agents acquire information either directly or from peers, where distance impact both the cost and effectiveness of information acquisition. The model predicts that a unique chain equilibrium exists under certain conditions. In addition, the model can be used to justify the rationality of social learning and hierarchy formation and slow pace of innovation diffusion. |
| Supervisor | Mats Koster |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2024/ghorbani_hamed.pdf |
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