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The Economy as an Evolving Complex System, IIICurrent Perspectives and Future Directions$
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Lawrence E. Blume and Steven N. Durlauf

Print publication date: 2005

Print ISBN-13: 9780195162592

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195162592.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 10 December 2019

Dynamic Properties of Local Interaction Models

Dynamic Properties of Local Interaction Models

Chapter:
(p.283) Dynamic Properties of Local Interaction Models
Source:
The Economy as an Evolving Complex System, III
Author(s):

Timothy G. Conley

Giorgio Topa

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195162592.003.0012

The chapter analyses the underlying principles of social interactions. The chapter develops a model in which individual employment probabilities are determined by the employment status of an individual's neighbors. Such a dependence arises naturally when information about jobs diffuses locally. It demonstrates that this framework can capture important aspects of observed spatial interdependences across Chicago neighborhoods.

Keywords:   social interactions, employment probabilities, employment status, spatial interdependences, Chicago

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