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Externalities and economic behavior

Grant number: 11/51509-5
Support Opportunities:Regular Research Grants
Start date: December 01, 2011
End date: February 28, 2014
Field of knowledge:Applied Social Sciences - Economics - Economic Theory
Agreement: Hebrew University of Jerusalem - HUJ
Principal Investigator:Fernando Pigeard de Almeida Prado
Grantee:Fernando Pigeard de Almeida Prado
Principal researcher abroad: Eyal Winter
Institution abroad: Hebrew University of Jerusalem, Israel
Host Institution: Faculdade de Filosofia, Ciências e Letras de Ribeirão Preto (FFCLRP). Universidade de São Paulo (USP). Ribeirão Preto , SP, Brazil

Abstract

This project investigate market behaviors in which agents interact in network structures and exert externalities upon each other. Essentially, the approach to the subjects will make use of the techniques of Interacting Particle Systems (IPS) (Liggett (1985)) and Game Theory (Fudenberg e Tirole (1991)). With the present work, we aim at, understanding the formation of the phenomena studied and also at suggesting new ways of their control. The motivation of the project arises from the Interplay between Winter's and Prado's ongoing projects, being Winter the proponent on the part of The Hebrew University of Jerusalem (HUJ) and Prado, the proponent on the part of the Sao Paulo State. The activities of the Prado's ongoing project that will benefit from the cooperation concerns investigations of markets in which agents are directly influenced by one another choices. This issue f relates to three (of a total of four) investigations of Prado's ongoing project. (AU)

Articles published in Agência FAPESP Newsletter about the research grant:
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Scientific publications
(References retrieved automatically from Web of Science and SciELO through information on FAPESP grants and their corresponding numbers as mentioned in the publications by the authors)
BELITSKY, V.; MENSHIKOV, M.; PETRITIS, D.; VACHKOVSKAIA, M.. Random Dynamical Systems with Systematic Drift Competing with Heavy-Tailed Randomness. Markov Processes and Related Fields, v. 22, n. 4, p. 629-652, . (09/52379-8, 11/07000-0, 11/51509-5)
ROSALES, RAFAEL A. A.; PIRES, BENITO; PRADO, FERNANDO P. A.. Vertex reinforced random walks with exponential interaction on complete graphs. Stochastic Processes and their Applications, v. 148, p. 27-pg., . (11/51509-5, 19/10269-3)
PRADO, FERNANDO P. A.; COLETTI, CRISTIAN F.; ROSALES, RAFAEL A.. Two repelling random walks on Z. Stochastic Processes and their Applications, v. 160, p. 17-pg., . (17/10555-0, 11/51509-5)