A stochastic model allowing interaction among individuals and its behavior for large populations

Abstract
An important aspect of many societal and institutional processes is the way in which the involved individuals interact. Motivated by work of Conlisk (1976) we formulate a model which allows such interaction among a finite number of individuals. Conditions are established under which our model converges to an approximation suggested by Conlisk as the population becomes infinite.

This publication has 11 references indexed in Scilit: