The role of peer effects in dynamic discrete choice models: with applications to technology adoption and educational choice KU Leuven
Forward looking behavior is important in many contexts. Investors pay a cost today, hoping to receive a return in the future. Students are willing to study hard, hoping this will lead to better jobs. At the same time, these individual choices can have repercussions for society as a whole. Investments in green technologies slow down climate change. Highly educated students earn higher wages and therefore provide more tax income and depend ...