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, pairwise-Nash and proper equilibrium networks coincide, where pairwise stable networks are robust to one-link deviations, while … pairwise-Nash networks are robust to one-link creation but multi-link severance. Under these conditions, proper equilibria in …
Persistent link: https://www.econbiz.de/10014066536
in endogenously formed networks. …
Persistent link: https://www.econbiz.de/10012793442
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 … results that relate situations of positive externalities with stable networks that cannot be 'too dense' in a well …
Persistent link: https://www.econbiz.de/10010272547
and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity … own links and strategic complements, a local uniqueness property of pairwise stable networks is derived. The results do …
Persistent link: https://www.econbiz.de/10010272600
This paper studies fictitious play in networks of noncooperative two-player games. We show that continuous …-play property. As an extension, we consider networks in which each bilateral game is strategically zero-sum, a weighted potential …, which entails a generalization of Robinson's theorem to arbitrary zero-sum networks. Applications include security games …
Persistent link: https://www.econbiz.de/10011571263
This paper studies fictitious play in networks of noncooperative two-person games. We show that continuous … functions do not possess the continuous-time fictitious-play property. As extensions, we consider networks in which each … zero-sum networks. Applications include security games, conflict networks, and decentralized wireless channel selection. …
Persistent link: https://www.econbiz.de/10012018918
We study equilibrium behavior in incomplete‐information games under two information constraints: seeds and spillovers. The former restricts which agents can initially receive information. The latter specifies how this information spills over to other agents. Our main result characterizes the...
Persistent link: https://www.econbiz.de/10015415279
stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
Persistent link: https://www.econbiz.de/10009756291
in networks model of Bramoullé and Kranton (2007) to allow for constrained provision. In so doing, we show that, using …
Persistent link: https://www.econbiz.de/10011856863
Local routing protocols in scale free networks have been extensively studied. In this paper we consider a wireless …
Persistent link: https://www.econbiz.de/10010367386