Showing 1 - 10 of 19
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors' provisions. We present a proof for existence and uniqueness of a Nash equilibrium with general best-reply functions. Our...
Persistent link: https://www.econbiz.de/10009501125
In this paper, we show that a concept of aggregation can hold in network games. Breaking up large networks into smaller pieces, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of summarizing complex strategic...
Persistent link: https://www.econbiz.de/10011763026
In this paper, we show that a concept of aggregation can hold in large network games with linear best replies. Breaking up large networks into smaller subnetworks, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of...
Persistent link: https://www.econbiz.de/10012655535
This paper proposes new centrality measures to characterise the ‘key class’, whose removal results in maximal reduction in the network activity, when agents in a network are sorted into role-equivalent classes. The notion of role-equivalence is defined through the graph-theoretical concept...
Persistent link: https://www.econbiz.de/10014357006
Persistent link: https://www.econbiz.de/10011525306
This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...
Persistent link: https://www.econbiz.de/10011812108
This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...
Persistent link: https://www.econbiz.de/10011790364
This paper analyses the private provision of public goods where agents interact within a fixed network structure and may benefit only from their direct neighbours' provisions. We survey the literature and then generalise the public goods in networks model of Bramoullé and Kranton (2007) to...
Persistent link: https://www.econbiz.de/10011856863
In this paper, we develop a new game theoretic network centrality measure based on the Shapley value. To do so, we consider a coalitional game, where the worth of each coalition is the total play in the game introduced in Ballester et al. (2006). We first establish that the game is convex. As a...
Persistent link: https://www.econbiz.de/10012584076
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...
Persistent link: https://www.econbiz.de/10012655551