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Every finite noncooperative game can be presented as a weighted network congestion game, and also as a network … (undirected two-terminal) network provides information about the existence of pure-strategy Nash equilibrium in the game. For some … network has at most three routes that do traverse any edge in opposite directions, or it consists of several such networks …
Persistent link: https://www.econbiz.de/10013133576
I look at the equilibrium effects of homophily in network formation games having positive externalities. I show that … very weak preferences for network effects (such as preference for being part of a clique) may result in very high levels of … homophily at equilibrium. I present an empirical procedure that allows an evaluation of the role of network effects on the …
Persistent link: https://www.econbiz.de/10012909699
reduced by raising the cost curves. As this paper shows, this paradox occurs in an (undirected) two-terminal network if and … only if it is not series-parallel. More generally, Pareto inefficient equilibria occur in a network if and only if one of …
Persistent link: https://www.econbiz.de/10014128334
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized...
Persistent link: https://www.econbiz.de/10014047845
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized...
Persistent link: https://www.econbiz.de/10003728413
Persistent link: https://www.econbiz.de/10001675746
models of their neighborhoods in the network and are Bayesian within these models. I illustrate the solution concept through … several examples, and I explore a deeper relationship between the structure of the broader network and the common prior …
Persistent link: https://www.econbiz.de/10013020132
provide an application to strategic network formation where such solution concepts may be useful. …
Persistent link: https://www.econbiz.de/10009751965
Every finite noncooperative game can be presented as a weighted network congestion game, and also as a network … (undirected two-terminal) network provides information about the existence of pure-strategy Nash equilibrium in the game. For some … network has at most three routes that do traverse any edge in opposite directions, or it consists of several such networks …
Persistent link: https://www.econbiz.de/10003962742
Persistent link: https://www.econbiz.de/10003335345