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Coordination in Networks Formation: Experimental Evidence on Learning and Salience
Galizzi, Matteo; Bernasconi, Michele - Fondazione ENI Enrico Mattei (FEEM) - 2005
coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for … significantly helps coordination, but only when subjects are pre-instructed to think of the wheel network as a reasonable way to …
Persistent link: https://www.econbiz.de/10005385417
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In Search of Stars: Network Formation among Heterogeneous Agents
Ule, Aljaž; Goeree, Jacob K.; Riedl, Arno - Fondazione ENI Enrico Mattei (FEEM) - 2007
This paper reports results from a laboratory experiment on network formation among heterogeneous agents. The experimental design extends the Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing for agents with lower linking costs or higher benefits to...
Persistent link: https://www.econbiz.de/10005423187
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The Grand Experiment of Communism: Discovering the Trade-off between Equality and Efficiency
Farvaque, Etienne; Mihailov, Alexander; Naghavi, Alireza - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to economic incentives and transmitting their ideology...
Persistent link: https://www.econbiz.de/10009320986
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Cheap Talk with Correlated Signals
Chand, A.K.S.; Currarini, Sergio; Ursino, Giovanni - Fondazione ENI Enrico Mattei (FEEM) - 2013
informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the …
Persistent link: https://www.econbiz.de/10010833919
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Opinion Dynamics and Wisdom under Conformity
Buechel, Berno; Hellmann, Tim; Kölßner, Stefan - Fondazione ENI Enrico Mattei (FEEM) - 2014
We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...
Persistent link: https://www.econbiz.de/10010781882
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Building Up Social Capital in a Changing World: A Network Approach
Vega-Redondo, Fernando - Fondazione ENI Enrico Mattei (FEEM) - 2003
This paper models the dynamic process through which a large society may succeed in building up its “social capital” by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner’s...
Persistent link: https://www.econbiz.de/10005423105
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Bilingualism and Communicative Benefits
Weber, Shlomo; Gabszewicz, Jean; Ginsburgh, Victor - Fondazione ENI Enrico Mattei (FEEM) - 2008
We examine patterns of acquiring non-native languages in a model with two languages and two populations with heterogeneous learning skills, where every individual faces a binary choice of learning the foreign language or refraining from doing so. We show that both interior and corner linguistic...
Persistent link: https://www.econbiz.de/10005230925
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Harmful Signaling in Matching Markets
Kushnir, Alexey - Fondazione ENI Enrico Mattei (FEEM) - 2010
facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signalling mechanism …
Persistent link: https://www.econbiz.de/10008674340
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Identity, Homophily and In-Group Bias
Currarini, Sergio; Menge, Friederike - Fondazione ENI Enrico Mattei (FEEM) - 2012
School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University
Persistent link: https://www.econbiz.de/10010552188
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Why are Trade Agreements Regional?
Zissimos, Ben - Fondazione ENI Enrico Mattei (FEEM) - 2007
familiar problem of coordination failure arises giving rise to multiple equilibria; any one of many possible trade agreements …
Persistent link: https://www.econbiz.de/10005385500