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We analyze the dynamic implications of learning in a large population coordination game where both the actions of the players and the communication network between these players evolve over time. We depart from the conventional models in assuming that the interaction network itself is subject to...
Persistent link: https://www.econbiz.de/10005328838
We study the formation of mutual insurance networks in a model where every agent who obtains more resources gives a fixed amount of resources to all agents who have obtained less resources. The low resource agent must be directly linked to the high resource agent to receive this transfer. We...
Persistent link: https://www.econbiz.de/10013088900