Objective
Consumer's problem often reduces to maximize utility's representation. If we choose an individual and a period of time, ceteris paribus,preferences structure is given. We want to treat larger setting and we are interested in solving the consumer problem for two classes of models:
1.preferences of individuals are interdependent, that is the pre-ordering the consumption set of an individual depends on the pre-ordering of other ones and viceversa,
2.preferences of one individual are endogenous with respect to time:we can consider one consumer and suppose that his present preferences depend on his past preferences.
Interdependence can be described in terms of reference groups and full information. Of course conformism and snobberry are exogenously defined (Leibenstein,1950;Hayakawa and Venieris,1977).
Conversely pools which conform to one single choice can be endogenously produced by the model:a pooling equilibrium in a signaling game (Bernheim,1994) or an informational cascade (Birkhehandahi,Hirshleifer and Welch,1992)belong to this class of conformism.
Notice also that in the first class time is given,while in the second class agent is given. It is possible to consider more complicate set-up where preferences are interdependent (between agents) and endogenous.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
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Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
1348 LOUVAIN-LA-NEUVE
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.