I am interested in the relation between Bousfield localizations of model categories and localizations of $(\infty,1)$-categories.

According to Hirschhorn's book we can form the left Bousfield localization of a left proper cellular model category along any set of maps. According to Lurie's book we can form the (left) localization of a presentable $\infty$-category along a small collection of maps. How are those two results related? Is the simplicial nerve of a left proper, cellular model category a presentable quasi-category?

Furthermore we also know that we can form the right Bousfield localization of a right proper cellular model category along any set of objects. Is there an analogous theory of right localizations on $\infty$-categories?

EDIT: It has been pointed out that combinatorial model categories correspond exactly to presentable $\infty$-categories and left Bousfield localizations exist for every left proper, simplicial, combinatorial model category and correspond exactly to the localizations of the corresponding presentable $\infty$-category.

This still leaves the question if there is a similar theory and an existence theorem for right localizations of $\infty$-categories corresponding to the theory of right Bousfield localizations of something like right proper, simplicial, cellular model categories.

Thanks already!

cellularmodel category, not a combinatorial one. In which case it's not at all clear that the underlying $\infty$-category is presentable. $\endgroup$ – Dylan Wilson Dec 9 '14 at 18:26