restricted through a network of existing relationships and traders bargain over the division of available gains from trade along … point of a set of intuitive value function equations and study efficiency and the relationship between network structure and …

small world network. This paper develops a strategic network formation model where agents have heterogeneous knowledge of … an increase in network knowledge due to, e.g., improved access to social networking tools. … the network: cognizant agents know the whole network, while ignorant ones are less knowledgeable. For a broad range of …

This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission … of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is … dominant. Differently from other models, where the network represents only a channel to obtain information or to play a game …

Imperfect private monitoring in an infinitely repeated discounted Prisoner’s Dilemma played on a communication network …’s history throughout the network. The delay in receiving this information requires the players to be more patient to sustain the … same level of cooperation as in a complete network, although a Folk Theorem obtains when the players are patient enough …

setting the part of the current network within each connected component of the cover is assumed to be common knowledge to all …In this paper we study the effects of institutional constraints on stability, efficiency and network formation. More … players in that component. Based on this two-ingredient model, network and societal cover, we examine the impact of societal …

connected and undirected network. Players observe their immediate neighbors’ behavior only, but communicate over time the … repeated game’s history truthfully throughout the network. The Folk Theorem extends to this setup, although for a range of … produces a network result; namely, the level of cooperation in this setup depends on the network’s diameter, and not on its …