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significantly helps coordination, but only when subjects are pre-instructed to think of the wheel network as a reasonable way to …We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat … coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …
Persistent link: https://www.econbiz.de/10014062154
repeatedly update their strategies during play of a coordination game known as the El Farol Bar Game. In this experiment a … paper evaluates coordination among agents in these environments. In particular, this paper discusses how people implicitly … learn to coordinate their actions when such coordination is beneficial, but difficult. It uses the experimental method …
Persistent link: https://www.econbiz.de/10014214308
We present experimental results on a repeated coordination game with Pareto-ranked equilibria in which a payoff from … remaining treatments. The paths of play in some groups reveal a tacit dynamic coordination by which groups converge to the … are higher, ceteris paribus, when increasing returns are present. Finally, successful coordination seems to crucially …
Persistent link: https://www.econbiz.de/10014065547
agent-interactions on a scale-free network converge to an equilibrium within reasonable time, however no convergence is … found on a small-world network, a ring and a random graph. The structure of the relations between economic actors matters …
Persistent link: https://www.econbiz.de/10013004511
in a buyer-seller network and suggest a framework for studying repeated games in such networks. In our framework, buyers … and sellers have rich yet incomplete knowledge of the network structure; allowing us to derive meaningful conditions that … determine whether a network is consistent with trade and cooperation between every buyer and seller that are connected. We show …
Persistent link: https://www.econbiz.de/10008669990
network; and [2] the incentives of a seller s to cooperate can be calculated as if the network was a random tree with seller s … sustaining cooperation, and on how to mitigate such costs. -- Networks ; moral hazard ; graph theory ; repeated games …
Persistent link: https://www.econbiz.de/10008908906
in a buyer-seller network and suggest a framework for studying repeated games in such networks. In our framework, buyers … and sellers have rich yet incomplete knowledge of the network structure; allowing us to derive meaningful conditions that … determine whether a network is consistent with trade and cooperation between every buyer and seller that are connected. We show …
Persistent link: https://www.econbiz.de/10014044669
We define a finite-horizon repeated network formation game with consent, and study the differences induced by different … define two types of equilibria, namely the Repeated Nash Network (RNN), in which the same network forms at each period, and … given network may be implemented as a RNN. Then, we provide structural properties of RNE. For instance, players may form …
Persistent link: https://www.econbiz.de/10014027059
Persistent link: https://www.econbiz.de/10003486262
Persistent link: https://www.econbiz.de/10009502752