We present a model of consumer behaviour when consumers value conformity and examine the implications for environmental policy. The shares feature set out in Dasgupta et al. (2016) having structure preferences which induces mass to adhere exactly norm level consumption (clumping). However we extend our previous analysis by analysing conditions existence potential uniqueness norms. In doing so i...

There is often said to be a tension between the two types of organizational learning activities, exploration and exploitation. The argument goes that the two activities are substitutes, competing for scarce resources when firms need different capabilities and management policies. We present another explanation, attributing the tension to the dynamic interactions among search, knowledge sharing,...

Is conformity amongst similar individuals consistent with self-interested behavior? We consider a model of incomplete information in which each player receives a signal, interpreted as an allocation to a role, and can make his action choice conditional on his role. Our main result demonstrates that ‘near to’ any correlated equilibrium is an approximate correlated equilibrium ‘with conformity’ —...

Social learning and conformity, or positive frequency-biased transmission, are important components of the evolution culture group identities in animals humans. Previous theoretical work on social conformity when environmental states change found that evolves for a large range conditions. However, foraging environment can affect adaptive benefits conformity. Conformity cause population to focus...