Showing 1 - 10 of 237
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path … supported in equilibrium by the largest set of beliefs. We conduct experiments to test the predictive power of the existing and …
Persistent link: https://www.econbiz.de/10010339744
, the paper uncovers the existence of two new equilibrium configurations, called 'one-sided' and 'probabilistic' policy … differentiation, respectively. Our analysis shows how these equilibrium configurations depend on the relative interests in power (resp … laboratory experiment, as we observe convergence to the Nash equilibrium values at the aggregate as well as at the individual …
Persistent link: https://www.econbiz.de/10010198494
sharp selection is observed empirically: the most connected player can impose her preferred Nash equilibrium almost always …
Persistent link: https://www.econbiz.de/10008728743
, the paper uncovers the existence of two new equilibrium configurations, called 'one-sided' and 'probabilistic' policy … differentiation, respectively. Our analysis shows how these equilibrium configurations depend on the relative interests in power (resp … series of laboratory experiments, as we observe convergence to the Nash equilibrium values at the aggregate as well as the …
Persistent link: https://www.econbiz.de/10009271606
This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity assumption and exclusive partner heterogeneity assumption. This is achieved through examining how the interactions between these two assumptions influence important properties of Strict...
Persistent link: https://www.econbiz.de/10010518019
We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...
Persistent link: https://www.econbiz.de/10011737578
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...
Persistent link: https://www.econbiz.de/10011603119
Climate change has inspired the interest of the academic community in the most diverse areas of knowledge. This study tests and revisits the environmental Kuznets curve assumptions for Portugal. The econometric strategy used in this research is time series (ARIMA model, OLS estimator, ARCH...
Persistent link: https://www.econbiz.de/10011824180
This paper studies a noncooperative model of network formation. Built upon the two-way flow model of Bala and Goyal (2000a), it assumes that information decay as it flows through each agent, and the decay is increasing and concave in the number of his links. This assumption results in the fact...
Persistent link: https://www.econbiz.de/10011558335
In this note, I study the roles of value heterogeneity - i.e., agents are heterogeneous in terms of values of nonrival information thay they possessed - in determining the shapes of two-way flow Strict Nash networks when small amount of decay is present. I do so by extending the two-way flow...
Persistent link: https://www.econbiz.de/10012052280