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Persistent link: https://www.econbiz.de/10005059993
opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their …
Persistent link: https://www.econbiz.de/10011884406
opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their …
Persistent link: https://www.econbiz.de/10011995513
games offer new opportunities to identify learning rules, since on networks (compared to e.g. random matching) more rules …
Persistent link: https://www.econbiz.de/10011145661
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/10005002279
This is a survey and discussion of work covering both formal game theory and experimental gaming prior to 1991. It is a useful preliminary introduction to the considerable change and emphasis which has taken place since that time where dynamics, learning, and local optimization have challenged...
Persistent link: https://www.econbiz.de/10014024483
This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success of IEA formation when countries are risk neutral and...
Persistent link: https://www.econbiz.de/10010234539
To solve the corruption problem, its root causes should first be diagnosed and factors supporting it should be determined. One of the important facilitators of corrupt transactions are intermediaries, who make corrupt dealings less risky, thereby increasing corruption. Even worse, there are...
Persistent link: https://www.econbiz.de/10010365119
This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity supply industry, although the analysis may apply also to other network industries. In an electric- ity system, the investment decisions of network and power plants need to be...
Persistent link: https://www.econbiz.de/10010421957
The first step in solving the problem of corruption lies in diagnosing its root causes and determining the underlying factors. One of the most important facilitators of corrupt transactions is intermediaries who make corrupt dealings less risky, thereby increasing corruption. Even worse, there...
Persistent link: https://www.econbiz.de/10010436816