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Chakrabarti, Subhadip; Gilles, Robert Paul - 2005

A network payoff function assigns a utility to all participants in a (social) network. In this paper we discuss … properties of such network payoff functions that guarantee the existence of certain types of pairwise stable networks and the … convergence of certain network formation processes. In particular we investigate network payoff functions that admit an exact …

Persistent link: https://www.econbiz.de/10010263150

Network Potentials

Chakrabarti, Subhadip; Gilles, Robert P. - University of Bonn, Germany - 2005

Persistent link: https://www.econbiz.de/10004968375

Market Structure and Matching with Contracts

Westkamp, Alexander - 2010

substitutability and cross side complementarity. Given this preference domain I analyze the interplay between properties of the network … stable network, and (v) the existence of an efficient and individually stable network. These equivalences also provide a …

Persistent link: https://www.econbiz.de/10010270419

Market Structure and Matching with Contracts

Westkamp, Alexander - University of Bonn, Germany - 2010

Persistent link: https://www.econbiz.de/10008477267

Beggar Thy Neighbour Exchange Rate Regime Misadvice Â from Misapplications of Mundell (1961) and the Remedy

Pope, Robin - University of Bonn, Germany - 2007

Economists invoke Mundell (1961) in arguing for the general policy of Â a flexible exchange rate regime as a means of restoring equilibria Â after shocks. But there is a discrepancy between the intent of the Â general policy and attempts at its implementation as identified by Â ...

Persistent link: https://www.econbiz.de/10005001491

Invader Strategies in the War of Attrition with Private Information

Metzger, Lars Peter - 2011

Second price allpay auctions (wars of attritions) have an evolutionarily stable equilibrium in pure strategies if valuations are private information. I show that for any level of uncertainty there exists a pure deviation strategy close to the equilibrium strategy such that for some valuations...

Persistent link: https://www.econbiz.de/10010312970

Sandbagging

Kräkel, Matthias - 2011

Participants of dynamic competition games may prefer to play with the rules of the game by systematically withholding effort in the beginning. Such behavior is referred to as sandbagging. I consider a two-period con- test between heterogeneous players and analyze potential sandbagging of...

Persistent link: https://www.econbiz.de/10010312971

Through Trial & Error to Collusion - The Discrete Case

Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg - 2000

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that despite the absence of...

Persistent link: https://www.econbiz.de/10010317631

Achieving the First Best in Sequencing Problems

Mitra, Manipushpak - 2000

In a sequencing problem with linear time cost, Suijs (1996) proved that it is possible to achieve first best. By first best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility and budget balancedness. In this paper we show that...

Persistent link: https://www.econbiz.de/10010317633

Does Information Matter? Some Experimental Evidence from a Common-Pool Resource Game

Apesteguia, Jose - 2001

This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups played the same game but with no information about the...

Persistent link: https://www.econbiz.de/10010317639