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This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal sized groups compete for a prize that is shared equally among members of the winning group, regardless of their (costly) contributions to the group's success. We find that...
Persistent link: https://www.econbiz.de/10010316824
We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential efficiency gains, but only with sustained cooperation. We then study the effect of exogenously...
Persistent link: https://www.econbiz.de/10010316831
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP' (Time Average of the Shapley Polygon) gives a precise prediction about what happens when there is divergence from equilibrium under fictitious play like learning processes. We...
Persistent link: https://www.econbiz.de/10010288137
present. I do so by extending the two-way flow network with small decay of De Jaegher and Kamphorst (J ECON BEHAV ORGAN, 2015 …
Persistent link: https://www.econbiz.de/10012146438
/T , regardless of the size of the network. In contrast, arbitrary n-player zero-sum games do not possess the fictitious … underlying network structure is acyclic. The results are shown to hold also for the discrete-time variant of fictitious play …
Persistent link: https://www.econbiz.de/10011663198
equilibrium of this default game. Next, we develop an algorithm to find all Nash equilibria that relies on the financial network …
Persistent link: https://www.econbiz.de/10011928019
-empty component of minimal SNN is either a branching or Bi network. This paper, therefore, contributes to the literature by providing …
Persistent link: https://www.econbiz.de/10011957004
Most literature in strategic network formation shows that there is a substantial tension between stability and … (2000a) and De Jaegher and Kamphorst (2015). Specifically, I show that every link receiver in a Nash network serves as an …
Persistent link: https://www.econbiz.de/10013353582
that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
Persistent link: https://www.econbiz.de/10011816753
are determined by a precise relationship between the lowest eigenvalue of the network, a measure of players' payoff … study of aggregative network games, games of mixed interactions, and Bayesian network games. …
Persistent link: https://www.econbiz.de/10011816766