Alumni

Dr. Zakaria Babutsidze

Thesis:
Essays on Economies with Heterogenous Interacting Consumers

Year: 2010

Promotor(s):
Robin Cowan

Abstract:
The current thesis is concerned with the importance of the consumer interaction for deriving aggregate implications in theoretical models. Applications discussed include advertising and R&D policies. The thesis demonstrates that changes in structure and intensity of consumer interaction can drastically change the aggregate behaviour of demand. As a result, it warns that basing firm and government policies on theoretical models ignoring, or not accurately modeling, consumer behaviour might lead to outcomes that are far from the desired ones.

Selected publications by Zakaria Babutsidze


Articles (journal, professional, popular)
Babutsidze, Zakaria & Robin Cowan, 2014, `Showing or telling? Local interaction and organization of behavior, Journal of Economic Interaction and Coordination, 9, More information


UNU-MERIT Working Papers
Babutsidze, Zakaria, 2009, R&D Behaviour and the Emergence of Fat-Tailed Firm Size Distributions, UNU-MERIT Working Paper 2009-056
Babutsidze, Zakaria & Robin Cowan, 2009, Inertia, Interaction and Clustering in Demand, UNU-MERIT Working Paper 2009-045
Babutsidze, Zakaria, 2009, Learning How to Consume and Returns to Product Promotion, UNU-MERIT Working Paper 2009-018
Babutsidze, Zakaria & Robin Cowan, 2008, Habit Formation, Information Exchange and the Social Geography of Demand, A new version of this paper has been published as "Inertia, Interaction and Clustering in Demand," UNU-MERIT working paper 2009-045, UNU-MERIT Working Paper 2008-047
Babutsidze, Zakaria, 2007, How Do Consumers Make Choices? A Summary of Evidence from Marketing and Psychology, UNU-MERIT Working Paper 2007-005
Babutsidze, Zakaria, 2006, (S,s) Pricing: Does the Heterogeneity Wipe Out the Asymmetry on Micro Level?, UNU-MERIT Working Paper 2006-033


External working papers
Babutsidze, Zakaria, 2008, Learning to Consume and Returns to Advertising, Manuscript, Maastricht, the Netherlands
Babutsidze, Zakaria & Robin Cowan, 2007, Habit Formation, Information Exchange and Geography of Demand, Manuscript, Maastricht, the Netherlands


Conference contributions
Babutsidze, Zakaria, 2007, Habit Formation, Information Exchange and Geography of Demand, presented at DIMETIC - Modeling, Systems and Dynamics, Maastricht, The Netherlands, October 2007
Babutsidze, Zakaria, 2007, Habit Formation, Information Exchange and Geography of Demand, presented at Econophysics Colloquium, Ancona, Italy, September 2007
Babutsidze, Zakaria, 2007, Habit Formation, Information Exchange and Geography of Demand, presented at Summer School in Economic Theory, Jerusalem, Israel, June 2007
Babutsidze, Zakaria, 2007, Habit Formation, Information Exchange and Geography of Demand, presented at UNU-MERIT/MGSoG PhD seminar series, Maastricht, the Netherlands, March 2007
Babutsidze, Zakaria, 2007, Habit Formation, Information Exchange and Geography of Demand, presented at Workshop on Agglomeration and Growth in Knowledge Based Economies, Kiel, Germany, April 2007
Babutsidze, Zakaria, 2006, Pricing: Does the Heterogeneity Wipe Out the Asymmetry on Micro Level?, presented at the ESHIA annual meeting, Bologna, Italy, May 2006.


Theses
Babutsidze, Zakaria, 2010, Essays on Economies with Heterogenous Interacting Consumers, PhD Thesis Maastricht University. Prom.: Prof. Dr. Robin Cowan, More information

UNU-MERIT