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Influential opinion leaders

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorLoeper, Antoine
dc.contributor.authorSteiner, Jakub
dc.contributor.authorStewart, Colin
dc.contributor.funderMinisterio de Ciencia e Innovación (España)es
dc.date.accessioned2022-05-31T17:07:43Z
dc.date.available2022-05-31T17:07:43Z
dc.date.issued2014-12-01
dc.description.abstractWe present a two-stage coordination game in which early choices of experts with special interests are observed by followers who move in the second stage. We show that the equilibrium outcome is biased toward the experts’ interests even though followers know the distribution of expert interests. Expert influence is fully decentralised in the sense that each individual expert has a negligible impact. The bias in favour of experts results from a social learning effect that is multiplied through a coordination motive. We apply our results to the onset of social movements and to the diffusion of products with network externalities.en
dc.description.sponsorshipLoeper acknowledges the financial support from grant ECO2010‐19596 from the Spanish ‘Ministerio de Ciencia e Innovación’. Steiner was supported by Purkyne fellowship of the Czech Academy of Sciences and by GACR grant 13‐34759S. Stewart is grateful to SSHRC for financial support of this research.en
dc.identifier.bibliographicCitationLoeper, A., Steiner, J., & Stewart, C. (2014). Influential Opinion Leaders. The Economic Journal, 124 (581), pp. 1147-1167.en
dc.identifier.doihttps://doi.org/10.1111/ecoj.12100
dc.identifier.issn0013-0133
dc.identifier.publicationfirstpage1147es
dc.identifier.publicationissue581es
dc.identifier.publicationlastpage1167es
dc.identifier.publicationtitleECONOMIC JOURNALes
dc.identifier.publicationvolume124es
dc.identifier.urihttps://hdl.handle.net/10016/34952
dc.identifier.uxxiAR/0000014473
dc.language.isoenges
dc.publisherOxford University Pressen
dc.relation.projectIDGobierno de España. ECO2010-19596es
dc.rights2013 Royal Economic Societyen
dc.rights.accessRightsopen accesses
dc.subject.ecienciaEconomíaes
dc.subject.otherRegime changeen
dc.subject.otherGlobal gamesen
dc.subject.otherInformationen
dc.subject.otherRevolutionen
dc.subject.otherCoordinationen
dc.subject.otherDiffusionen
dc.subject.otherNetworksen
dc.subject.otherCascadesen
dc.subject.otherActivismen
dc.subject.otherAttacksen
dc.titleInfluential opinion leadersen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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