Networked Consumers [electronic resource] : Dynamics of Interactive Consumers in Structured Environments /
Silver, Steven.author.
Personal consumption accounts for two thirds of GDP, yet recent economic events have emphasised our limited ability to translate consumption patterns into policy. Steven Silver analyses this understudied area, exploring the network memberships that emerge from our everyday lives, and the consumption patterns these create.
Description based upon print version of record.
Cover; Contents; List of Figures; List of Tables; Preface; 1 Introduction; 1.1 Overview; 1.2 Personal consumption as an economic and social process; 1.3 Networks in personal consumption; 1.4 Exogenous effects of environments on networked consumers; 1.5 Overview of chapters; 1.6 Summary and discussion; References; 2 A Disequilibrium Model of Interactive Consumers; 2.1 Introduction; 2.2 Causal relationships in a dynamic model of networked consumers; 2.3 Summary and discussion; References; 3 Environments of Networked Consumers: Random Processes in the Generation of Institutional Forms
3.1 Introduction3.2 Randomness as a generating process; 3.3 Natural selection and randomness as alternative generating processes; 3.4 Alternatives to drift as a random generating process; 3.5 The signal-to-noise ratio in stochastic resonance; 3.6 Computational study of the disequilibrium system in a network model; 3.7 Network structure and exogenous randomness: distributional inequality; 3.8 Clustering in the SWN as a measure of distributional inequality; 3.9 Method; 3.10 Results; 3.11 Summary and discussion; References; 4 Clustering and Content Overlap in Networked Consumers
4.1 Introduction4.2 Non-rival information borrowing, clustering and content overlap in consumer networks; 4.3 Computational studies of system constructs in an SWN; 4.4 Computational studies; 4.5 Path length and clustering as a function of remoteness in the network; 4.6 Clustering and content overlap in the stock of information; 4.7 Defining redundancy and content overlap; 4.8 Distance in a network model of the stock of information; 4.9 Dynamics of overlap in the stock of information; 4.10 Computational study of the augmented model of the stock of information; 4.11 Results
4.12 Clustering and network remoteness4.13 Summary and discussion; References; 5 Hierarchical Allocation Heuristics in Networked Consumers; 5.1 Introduction; 5.2 Definition and organization of consumer objectives in personal consumption; 5.3 The consumer model; 5.4 Hierarchical organization of activity classes; 5.5 Computational studies of a hierarchical allocation heuristic in networked consumers; 5.6 Consumer heuristic in status activities; 5.7 Individuation-yielding activities; 5.8 Network exercises; 5.9 Results; 5.10 Summary and discussion; References
6 Integrating Work and Consumption: Cross-Domain Transfer of Skill and Affect6.1 Introduction; 6.2 Equilibrium condition; 6.3 Disequilibrium condition; Appendix: derivation of disequilibrium terms; References; 7 Networked Consumers in Economic Growth; 7.1 Introduction; 7.2 Networked consumers: stocks of information; 7.3 Growth accounting in a computational model of networked consumers; 7.4 The stock of information in personal consumption and labor force productivity; 7.5 Estimation methodology: autoregressive distributed lags (ARDL)
7.6 Granger non-causality testing: stock of information and labor force productivity
Includes bibliographical references and index.
Personal consumption accounts for two thirds of GDP, yet recent economic events have emphasised our limited ability to translate consumption patterns into policy. Steven Silver analyses this understudied area, exploring the network memberships that emerge from our everyday lives, and the consumption patterns these create.
Microeconomics.
Behavioral economics.
Macroeconomics.
Economic policy.
Economics.
Industrial procurement.
Marketing.
Microeconomics.
Behavioral/Experimental Economics.
Macroeconomics/Monetary Economics//Financial Economics.
Political Economy/Economic Systems.
Procurement.
Marketing.