Showing 1 - 10 of 48,823
Network structure has a significant role in determining the outcomes of many socioeconomic relationships, including the … antagonistic ones. In this paper we study a situation in which agents, embedded in a network, simultaneously play interrelated … bilateral contest games with their neighbors. Interrelatedness of contests induces complex local and global network effects. We …
Persistent link: https://www.econbiz.de/10010350458
neighbors in the social network. The same activities often exert externalities that cumulate in "stocks" affecting agents … network of social relations, as agents display strategic substitution with distance-two neighbors. We show that behavior is … behavior and key-players tend to move to the periphery of the network, and we discuss the effect of close-knit communities and …
Persistent link: https://www.econbiz.de/10009702228
Persistent link: https://www.econbiz.de/10011793602
We provide an overview and synthesis of the literatures analyzing games in which players are connected via a network … structure. We discuss, in particular, the impact of the structure of the network on individuals' behaviors. We focus on game …
Persistent link: https://www.econbiz.de/10014166303
We develop a model of contests on networks. Each player is “connected” to a set of contests and exerts a single effort … many well-known results from the contest literature can be obtained by varying the structure of the network. Our framework …
Persistent link: https://www.econbiz.de/10012919103
By design, the Bitcoin protocol has a low throughput. The Lightning Network (LN) is a layer-two solution built to …
Persistent link: https://www.econbiz.de/10014354893
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
We develop a model of social preferences for network games and study its predictions in a local public goods game with … a property of the network structure: neighborhood nestedness. This means that equilibrium selection succeeds in small …, tightly connected structures but also in very centralized networks. It fails, in contrast, in loosely connected local …
Persistent link: https://www.econbiz.de/10012851631
This paper proposes new centrality measures to characterise the 'key class', when agents in a network are sorted into … role-equivalent classes, such that its removal results in an optimal change in the network activity. The notion of role …-equivalence is defined through the graph-theoretical concept of equitable partition of networks, which finds wide empirical and …
Persistent link: https://www.econbiz.de/10012655551
We introduce a model of strategic experimentation on social networks where forwardlooking agents learn from their own … own experimentation, so total information decreases with network density; we determine density thresholds below which … agents asymptotically learn the state. In contrast, agent welfare is single-peaked in network density, and achieves a second …
Persistent link: https://www.econbiz.de/10014237255