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-offers bargaining procedures for the pairs of connected agents. Agents have complementary information and bargain over the relative … price of their pieces of information. We characterize the unique subgame perfect equilibrium outcome for each of these …
Persistent link: https://www.econbiz.de/10010823245
I quantify spillovers of attention in a network of content pages, which is challenging, because such networks form …
Persistent link: https://www.econbiz.de/10010468094
I quantify spillovers of attention in a network of content pages, which is challenging, because such networks form …
Persistent link: https://www.econbiz.de/10011139789
international trade in which heterogeneous firms create informational networks to reduce their fixed costs of exporting. Since the … variable trade cost (distance) affects the number of exporters, which in turn affects the available information, the fixed cost … effects and, in addition, a quality improvement of the networks over time implies increasing distance elasticities. Major …
Persistent link: https://www.econbiz.de/10005744261
I quantify spillovers of attention in a network of content pages, which is challenging, because such networks form …
Persistent link: https://www.econbiz.de/10010468371
We study equilibrium behavior in incomplete-information games under two information constraints: seeds and spillovers …. The former restricts which agents can initially receive information. The latter specifies how this information spills over … additional assumptions about the agents' initial information. This involves deriving a "revelation-principle" result for settings …
Persistent link: https://www.econbiz.de/10015419669
We study equilibrium behavior in incomplete‐information games under two information constraints: seeds and spillovers …. The former restricts which agents can initially receive information. The latter specifies how this information spills over … additional assumptions about the agents' initial information. This involves deriving a "revelation‐principle" result for settings …
Persistent link: https://www.econbiz.de/10015415279
Several results from bargaining and networks microeconomic literature are presented and their main insights and … applications to bilateral market power and price formation in gas thin markets are discussed. Bargaining models encompass the … bilateral Rubinstein negotiations, bargaining between a single seller and two buyer, both symmetric and heterogeneous and …
Persistent link: https://www.econbiz.de/10005007332
MPEs for high discount factors is developed. For some networks, we find that all MPEs are asymptotically inefficient as …
Persistent link: https://www.econbiz.de/10010573659
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
Persistent link: https://www.econbiz.de/10014025687