We consider a network game based on matching pennies with two types of agents, conformists and rebels. Conformists prefer to match the action taken by the majority of her neighbors while rebels like to match the minority. We investigate the simultaneous best response dynamic focusing on the...

Gagnon and Goyal (2017) develop an elegant model to understand the interaction between community and markets. One key argument is that, among others, whether markets and social ties are substitutes or complements plays a decisive role: markets undermine social ties in the case of substitutes and...

We analyze the evolution of fashion based on a network game model. Each agent in this model is either a conformist or a rebel. A conformist prefers to take the action most common among her neighboring agents, whereas a rebel prefers the opposite. When there is only one type of agent, the model...