Influential opinion leaders

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Show simple item record Loeper, Antoine Steiner, Jakub Stewart, Colin 2022-05-31T17:07:43Z 2022-05-31T17:07:43Z 2014-12-01
dc.identifier.bibliographicCitation Loeper, A., Steiner, J., & Stewart, C. (2014). Influential Opinion Leaders. The Economic Journal, 124 (581), pp. 1147-1167.
dc.identifier.issn 0013-0133
dc.description.abstract We 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.
dc.description.sponsorship Loeper 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.
dc.language.iso eng
dc.publisher Oxford University Press
dc.rights 2013 Royal Economic Society
dc.subject.other Regime change
dc.subject.other Global games
dc.subject.other Information
dc.subject.other Revolution
dc.subject.other Coordination
dc.subject.other Diffusion
dc.subject.other Networks
dc.subject.other Cascades
dc.subject.other Activism
dc.subject.other Attacks
dc.title Influential opinion leaders
dc.type article
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.relation.projectID Gobierno de España. ECO2010-19596
dc.type.version acceptedVersion
dc.identifier.publicationfirstpage 1147
dc.identifier.publicationissue 581
dc.identifier.publicationlastpage 1167
dc.identifier.publicationtitle ECONOMIC JOURNAL
dc.identifier.publicationvolume 124
dc.identifier.uxxi AR/0000014473
dc.contributor.funder Ministerio de Ciencia e Innovación (España)
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