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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 investigate game theoretic models of entwork formation that are based on individual actions only. Our approach is grounded in three simple and realistic principles. (1) Link formation should be a binary process of consent. (2) Link formation should be costly. (3) The class of network payoff...
Persistent link: https://www.econbiz.de/10005342278
In this paper we consider the problem of the control of access to a firm's productive asset, embedding the relevant decision makers into a general structure of formal authority relations. Within such an authority structure, each decision maker acts as a principal to some decision makers, while...
Persistent link: https://www.econbiz.de/10005702681