Showing 1 - 5 of 5
We consider partial bandwagon properties in the context of coordination games to capture the idea of weak network externalities. We then study a local interactions model where agents play a coordination game following a noisy best-reply process. We show that globally pairwise risk dominant...
Persistent link: https://www.econbiz.de/10009471891
We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action in a 2×2-coordination game and on whom to establish costly links to. We find that if agents may only support a limited number of links payoff dominant conventions will emerge in...
Persistent link: https://www.econbiz.de/10011042966
Persistent link: https://www.econbiz.de/10010389461
Persistent link: https://www.econbiz.de/10011915561
Persistent link: https://www.econbiz.de/10011740678