Showing 1 - 10 of 22
We model network formation when heterogeneous nodes enter sequentially and form connections through both random meetings and network-based search, but with type-dependent biases. We show that there is “long-run integration”, whereby the composition of types in sufficiently old nodesʼ...
Persistent link: https://www.econbiz.de/10011042960
Persistent link: https://www.econbiz.de/10005153919
We study symmetric play in a class of repeated games when players are patient. We show that, while the use of symmetric strategy profiles essentially does not restrict the set of feasible payoffs, the set of equilibrium payoffs is an interesting proper subset of the feasible and individually...
Persistent link: https://www.econbiz.de/10011076682
We explore an equilibrium model of games where behavior is given by logit response functions, but payoff responsiveness and beliefs about others' responsiveness are heterogeneous. We study two substantively different ways of extending quantal response equilibrium (QRE) to this setting: (1)...
Persistent link: https://www.econbiz.de/10005005916
Persistent link: https://www.econbiz.de/10005146282
Persistent link: https://www.econbiz.de/10005159428
Persistent link: https://www.econbiz.de/10005112245
Persistent link: https://www.econbiz.de/10005058554
Persistent link: https://www.econbiz.de/10005146334
Persistent link: https://www.econbiz.de/10005146376