Showing 1 - 10 of 94
connection costs; (3) the central planner selects a cost minimizing network satisfying reported connection demands based on the … estimated costs; and, (4) the planner allocates the true costs of the selected network. It turns out that an allocation rule …
Persistent link: https://www.econbiz.de/10011263568
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and … beyond a special network architecture in the neighborhood of the set of contributors. …
Persistent link: https://www.econbiz.de/10011263570
Observational learning is typically examined when agents have precise information about their position in the sequence of play. We present a model in which agents are uncertain about their positions. Agents sample the decisions of past individuals and receive a private signal about the state of...
Persistent link: https://www.econbiz.de/10011076668
to the children. A weighted social network describes how children are influenced not only by their parents but also by …
Persistent link: https://www.econbiz.de/10011076681
how the speed of learning by chit-chat depends on the structure of the environment. A network represents the environment … meetings depends on the underlying network structure and we use this quantity to investigate the speed of learning in the … distribution (MPS). Specifically, if the number of individuals is low (high), then a MPS of the network increases (decreases) the …
Persistent link: https://www.econbiz.de/10010930792
The paper presents a dynamic model of neighborhood segregation where fee motivated real estate brokers match sellers … trade-off faced by a broker. The model shows that with multiple brokers, blockbusting profit per broker is lower as brokers …
Persistent link: https://www.econbiz.de/10011263609
structures and network structures on contagion of a convention beyond 2×2 coordination games. First, we consider the “bilingual … to the entire population in some network, and conversely, when a convention is never invaded by the other convention in … any network. We show that the Pareto-dominant (risk-dominant, resp.) convention is contagious if the cost of bilingual …
Persistent link: https://www.econbiz.de/10011263580
The paper analyzes quantity competition in economies in which a network describes the set of feasible trades. A model … existence, a characterization of prices and flows, and some negative results relating welfare to network structure. The second … the network structure for equilibria to be approximately efficient when the number of players is large. …
Persistent link: https://www.econbiz.de/10011263603
We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows us to consider production complementarities previously outside the scope of matching theory. We show analogues of the first and second welfare theorems and, when agents'...
Persistent link: https://www.econbiz.de/10011189755
inferences regarding the private information of others through the repeated interaction with his neighbors in the network. The … presence of at least one Bayesian agent in a strongly connected network is shown to be generically sufficient for every agent …
Persistent link: https://www.econbiz.de/10011076679