Showing 1 - 10 of 189
We study network games under strategic complementarities. Agents are embedded in a fixed network. They choose a … positive, continuous action and interact with their network neighbors. Interactions are positive and actions are bounded from … throughout the entire network and uncover a general pattern of decreasing interdependence. …
Persistent link: https://www.econbiz.de/10011117134
We introduce a framework for modeling pairwise interactive beliefs and provide an epistemic foundation for Nash equilibrium in terms of pairwise epistemic conditions locally imposed on only some pairs of players. Our main result considerably weakens not only the standard sufficient conditions by...
Persistent link: https://www.econbiz.de/10010906693
In many economic situations, a player pursues coordination or anti-coordination with her neighbors on a network, but … issue by means of a simple framework in which players endowed with an idiosyncratic identity interact on a social network … of neighbors of the network. For high degrees of heterogeneity in the population the equilibria is such that every player …
Persistent link: https://www.econbiz.de/10011049725
This paper experimentally analyzes the effect of network structures on individualsʼ decisions in a game of strategic … individuals are able to coordinate on equilibria, but that coordination strongly depends on the network structure. Despite … frequent coordination failures, in graphs of size N=4 equilibrium play seems easier on network architectures with high (low …
Persistent link: https://www.econbiz.de/10011049842
We conduct an experiment in continuous time: every subject can change her links to others and her action in a Hawk–Dove game, which she plays bilaterally with each of her linked partners, at any time. We hypothesize that norms exist regarding who establishes and thus pays for links, and that...
Persistent link: https://www.econbiz.de/10011049851
The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It generally has a wide multiplicity of equilibria that we refine through stochastic stability. We show that, depending on how we define perturbations – i.e., possible mistakes...
Persistent link: https://www.econbiz.de/10010577244
We study a stochastic model of influence where agents have “yes” or “no” inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes...
Persistent link: https://www.econbiz.de/10011049702
extended model, using a social network of citations among high-energy physics papers, and find that the extended Jackson … network and the unobservable fitness measure are important in explaining the observed variation in participantsʼ degrees. …
Persistent link: https://www.econbiz.de/10011049762
We investigate the efficiency and stability of R&D networks in a model with network-dependent indirect spillovers. We … show that the efficient network structure critically depends on the marginal cost of R&D collaborations. When the marginal … cost is low, the complete graph is efficient, while high marginal costs imply that the efficient network is asymmetric and …
Persistent link: https://www.econbiz.de/10011049825
their neighbors. We characterize the relation between optimal prices and consumersʼ centrality in the social network. This …). We identify two situations where the monopolist does not discriminate across nodes in the network (linear monopoly with …
Persistent link: https://www.econbiz.de/10011049859