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Most allocation rules for network games presented in the literature assume that the network structure is fixed. We put … periods is stochastic. Time-series of networks are studied that describe processes of network formation where links may appear … or disappear at any period. Moreover, convergence to an efficient network is not necessarily prescribed. Transitions from …
Persistent link: https://www.econbiz.de/10010703396
have initial opinions and are linked through a simply connected network. They update their opinions as in the DeGroot model … the average opinion that eventually emerges in the network. This procedure defines a zero-sum game whose players are the … does depend on the structure of the network. The characterization of equilibrium we obtain emphasizes on the one hand the …
Persistent link: https://www.econbiz.de/10011194457
communication network. We provide an explicit link between players' preferences and the equilibrium strategic communication networks … completely Pareto-ranked, but expected social welfare always increases as the communication network expands. …
Persistent link: https://www.econbiz.de/10005012502
This paper studies the link between the design of international environmental agreements and the incentives for the private sector to invest in cleaner technologies. More specifically, it compares the performance, in the Paretoo sense, of two types of agreement : an agreement on a uniform...
Persistent link: https://www.econbiz.de/10005696761
This note proposes an example which contradicts the idea that similar countries will negotiate an agreement on a uniform standard. It shows that strictly identical countries may have an interest in reducing their emissions differently, and not in a uniform way. This result relies on the...
Persistent link: https://www.econbiz.de/10005696769
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl … allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about …
Persistent link: https://www.econbiz.de/10005696757
A well-known model in sociology and marketing is that of opinion leadership. Opinion leaders are actors who are able to affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise this power by influencing their followers choice of...
Persistent link: https://www.econbiz.de/10009003412
the role of social influence on the expectation formation as well as the underlying network structure. It is shown that …. The social network estimated in this way follows a power-law and thus exhibits similar structure as networks observed in …
Persistent link: https://www.econbiz.de/10010739860
question of interest. Agents repeatedly communicate with their neighbors in the social network, can exert some effort to …
Persistent link: https://www.econbiz.de/10010703391
We study a stochastic model of influence where agents have yes-no inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes modelled by...
Persistent link: https://www.econbiz.de/10010584134