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Persistent link: https://www.econbiz.de/10012703188
The paper proposes a game of weighted network formation in which each agent has a limited resource to form links of possibly different intensities with other agents and to use for private purposes. We show that every equilibrium is either "reciprocal" or "non-reciprocal". In a reciprocal...
Persistent link: https://www.econbiz.de/10012415548
This paper develops a mechanism for a principal to allocate a prize to the most valued agent when agents have a knowledge network. The principal does not know any agent's value but any two linked agents know each other's values. Agents compete for the prize and send costless private messages...
Persistent link: https://www.econbiz.de/10012935197
A group of agents with ex-ante independent and identically uncertain quality compete for a prize, awarded by a principal. Agents may possess evidence about the quality of those they share a social connection with (neighbours), and themselves. In one equilibrium, adversarial disclosure of...
Persistent link: https://www.econbiz.de/10014256287