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We examine how the speed of learning and best-response processes depends on homophily: the tendency of agents to associate disproportionately with those having similar traits. When agents' beliefs or behaviors are developed by averaging what they see among their neighbors, then convergence to a...
Persistent link: https://www.econbiz.de/10013116883
Many social networks have the following properties: (i) a short average distance between any two individuals; (ii) a … high clustering coefficient; (iii) segregation patterns; the presence of (iv) brokers and (v) hubs. (i) and (ii) define a … parameters, all pairwise Nash (PN) networks have properties (i)-(iv). There are some PN networks with one hub. Cognizant agents …
Persistent link: https://www.econbiz.de/10014205761
impact of segregation and find that segregation leads to polarization. Segregation also reduces the overall number of people … informed in the long run. Our final set of results shows that agents are more likely to prefer segregation if their information …
Persistent link: https://www.econbiz.de/10013021142
A local public-good game played on directed networks is analyzed. The model is motivated by one-way flows of … wetlands. It is shown that in many (but not all) directed networks, there exists an equilibrium, sometimes socially desirable …
Persistent link: https://www.econbiz.de/10014187527
Which types of networks favor the diffusion of innovations in the sense that an innovation whose intrinsic benefits are … fraction of a large population? For deterministic and regular networks there are characterizations, based on a coordination … game model of the diffusion of innovations. Here we study this question for a class of irregular random networks, Small …
Persistent link: https://www.econbiz.de/10014044494
) with the economic literature on network dynamics. We identify stable networks up to size 8 for varying costs and … investigate whether they are Pareto efficient and egalitarian. Only a very small number of networks are stable. Odd cycles and … networks consisting of dyads and at most one isolate are the only egalitarian, efficient, and stable networks for a large cost …
Persistent link: https://www.econbiz.de/10014049579
networks for which there is a convergence of beliefs. Finally, we survey some recent structural results on the speed of … convergence and relate these to issues of segregation, polarization and propaganda …
Persistent link: https://www.econbiz.de/10014049685
We study (anti-) coordination problems in networks in a laboratory experiment. Participants interact with their …
Persistent link: https://www.econbiz.de/10014195360
We consider any network environment in which the 'best shot game' is played. This is the case where the possible actions are only two for every node (0 and 1), and the best response for a node is 1 if and only if all her neighbors play 0. A natural application of the model is one in which the...
Persistent link: https://www.econbiz.de/10014205787
Suppose markets and firms are connected in a bi-partite network, where firms can only supply to the markets they are connected to. Firms compete a la Cournot and decide how much to supply to each market they have a link with. We assume that markets have linear demand functions and firms have...
Persistent link: https://www.econbiz.de/10014205788