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stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external … of a level-K farsightedly stable set. There is a unique level-1 farsightedly stable set G1 consisting of all networks … level-K farsighted stability and efficiency of networks. We show the tractability of the concept by applying it to a model …
Persistent link: https://www.econbiz.de/10011094063
Coalitional network games are real-valued functions defined on a set of players organized into a network and a coalition structure. We adopt a flexible approach assuming that players organize themselves the best way possible by forming the efficient coalitional network structure. We propose two...
Persistent link: https://www.econbiz.de/10010927690
I develop a model of stochastic costly signaling in the presence of exogenous imperfect information, and study whether equilibrium signaling decreases ('information substitutes') or increases ('information complements') if the accuracy of exogenous information increases. A stochastic pure costly...
Persistent link: https://www.econbiz.de/10010927722
Worldwide, but in particular in North America and Europe, the grid infrastructure managers are facing demands for reinvestments in new assets with higher on-grid and off-grid functionality in order to promote energy efficiency and low-carbon conversion of the energy sector. To meet societal...
Persistent link: https://www.econbiz.de/10010927726
outside his coalition. To predict the coalitional networks that are going to emerge at equilibrium we propose the concept of …
Persistent link: https://www.econbiz.de/10005042768
framework.Under single-homing there exists an interior equilibrium where networks exhibit asymmetric sizes and both firms enjoy …
Persistent link: https://www.econbiz.de/10005042863
I analyze a market where there is a homogeneous good, which quality is chosen, and therefore known, by a single producer. Consumers do not know the quality of the good but they use their acquaintances in order to obtain information about it. Information transmission exhibits decay and consumers...
Persistent link: https://www.econbiz.de/10005042872
We study the endogenous formation of networks between manufacturers of differentiated goods and multi-product retailers … manufacturer anda retailer. We find that only three distribution networks are stable for particular values of the degree of product … distribution networks that maximize social welfare are not necessarily stable. Thus, a conflict between stability and social …
Persistent link: https://www.econbiz.de/10005042887
We develop a model of strategic networks in order to analyze how trade unions will affect the stability and efficiency … of R&D collaboration networks in an oligopolistic industry with three firms. Whenever firms settle wages, the complete … network. Thus, a conflict between stability and efficiency may occur: efficient networks are pairwise stable, but the reverse …
Persistent link: https://www.econbiz.de/10005043051
We reconsider Goyal and Moraga-Gonzalez [Rand J. of Econ. 32 (2001), 686-707] model of strategic networks in order to … analyze how government policies (e.g. subsidies) will affect the stability and efficiency of networks of R&D collaboration …
Persistent link: https://www.econbiz.de/10005043463