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network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010320417
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010275834
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … network or only on the link itself. A final aspect is whether or not players can pay other players to refrain from forming … related either to accounting for a specific type of externality, or to dealing with the combinatorial nature of network …
Persistent link: https://www.econbiz.de/10011324957
collect data from UEFA Euro 2008 Tournament and construct the passing network of each team. Then we determine the key player …
Persistent link: https://www.econbiz.de/10010285777
Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of … alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …
Persistent link: https://www.econbiz.de/10011325073
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
Persistent link: https://www.econbiz.de/10010272385
network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …
Persistent link: https://www.econbiz.de/10010325361
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10010272547
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation … shown that there always exists a pairwise stable network as long as the utility function of each player satisfies convexity … in own links and strategic complements. For network societies with a profile of utility functions satisfying concavity in …
Persistent link: https://www.econbiz.de/10010272600
investment in connections is low. The response of network investment to labor market conditions generates novel predictions. In …
Persistent link: https://www.econbiz.de/10010288952