Showing 1 - 10 of 334
We study equilibrium behavior in incomplete-information games under two information constraints: seeds and spillovers. The former restricts which agents can initially receive information. The latter specifies how this information spills over to other agents. Our main result characterizes the...
Persistent link: https://www.econbiz.de/10015419669
This paper studies a game of attack and interception in a network, where a single attacker chooses a target and a path … characterize equilibrium attack paths and attack distributions as a function of the underlying network and target values. We show …
Persistent link: https://www.econbiz.de/10014536957
The paper discusses community enforcement in infinitely repeated, two-action games with local interaction and uncertain monitoring. Each player interacts with and observes only a fixed set of opponents, of whom he is privately informed. The main result shows that when beliefs about the...
Persistent link: https://www.econbiz.de/10011599512
The paper discusses community enforcement in infinitely repeated, two-action games with local interaction and uncertain monitoring. Each player interacts with and observes only a fixed set of opponents, of whom he is privately informed. The main result shows that when beliefs about the...
Persistent link: https://www.econbiz.de/10010738410
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning, an agent's payoff depends both on the state and...
Persistent link: https://www.econbiz.de/10012215316
We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately … their neighbors in the network. We first characterize myopic (best response) equilibria as well as fully informative myopic … dominate farsighted equilibria, in particular if a social planner has designed the network optimally. …
Persistent link: https://www.econbiz.de/10012215318
{private signal} correlated with the underlying state, they exchange information over the induced \textit{communication network} until … some additional conditions, also only if) in the induced communication network most agents are a short distance away from … response, it is an equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium …
Persistent link: https://www.econbiz.de/10011599505
{private signal} correlated with the underlying state, they exchange information over the induced \textit{communication network} until … some additional conditions, also only if) in the induced communication network most agents are a short distance away from … response, it is an equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium …
Persistent link: https://www.econbiz.de/10010738405
if the network is 2-connected: that is, if no player can prevent the flow of information to another. In contrast, the …
Persistent link: https://www.econbiz.de/10011599535
if the network is 2-connected: that is, if no player can prevent the flow of information to another. In contrast, the …
Persistent link: https://www.econbiz.de/10011145596