Showing 1 - 3 of 3
This paper proposes a tractable model of Bayesian learning on large random networks where agents choose whether to adopt an innovation. We study the impact of the network structure on learning dynamics and product diffusion. In directed networks, all direct and indirect links contribute to...
Persistent link: https://www.econbiz.de/10012810898
Persistent link: https://www.econbiz.de/10011026265
The sensitivity of Bayesian implementation to agents' beliefs about others suggests the use of more robust notions of implementation such as ex post implementation, which requires that each agent's strategy be optimal for every possible realization of the types of other agents. We show that the...
Persistent link: https://www.econbiz.de/10005332649