Showing 1 - 10 of 237
We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … the intensity of a conflict. The model combines elements from network theory and from the politico-economic theory of … characterization of the Nash equilibrium of the fighting game, and of how the network structure affects individual and total fighting …
Persistent link: https://www.econbiz.de/10011145465
This paper analyzes the effects of network positions and individual risk attitudes on individuals' strategic decisions … factors. We study subjects' strategic investment decisions in four basic network structures. As predicted, we find that global … factors, such as the regularity of the network structure, influence behavior. However, we also find evidence that individual …
Persistent link: https://www.econbiz.de/10005136539
In this note we introduce a general class of games where the payoff of every player are affected by her intrinsic taste for available strategic choices; intensity of her dyadic social interactions of with others in the peer group; and conformity effect. We show, that if the dyadic social...
Persistent link: https://www.econbiz.de/10005000440
We consider a network game with strategic complementarities where the individual reward or the strength of interactions … disentangling the information effects from the network effects and show that the equilibrium effort of each agent is a weighted … the weights are its eigenvectors. We then study the impact of incomplete information on a network policy which aim is to …
Persistent link: https://www.econbiz.de/10011096094
We survey the literatures on the economic consequences of the structure of social networks. We develop a taxonomy of 'macro' and 'micro' characteristics of social inter-action networks and discuss both the theoretical and empirical findings concerning the role of those characteristics in...
Persistent link: https://www.econbiz.de/10011165640
We provide an overview on networks in economics. We first look at the theoretical aspects of network economics using a … game-theoretical approach. We derive some results on games on networks and network formation. We also study what happens …
Persistent link: https://www.econbiz.de/10011083628
We provide an overview and synthesis of the literatures analyzing games where players are connected via a network … structure. We study, in particular, the impact of the structure of the network on individuals’ behaviors. We focus on the game …
Persistent link: https://www.econbiz.de/10011083885
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10008557014
We estimate the approximate nonlinear solution of a small DSGE model on euro area data, using the conditional particle filter to compute the model likelihood. Our results are consistent with previous findings, based on simulated data, suggesting that this approach delivers sharper inference...
Persistent link: https://www.econbiz.de/10005067383
We provide methods for forecasting variables and predicting turning points in panel Bayesian VARs. We specify a flexible model that accounts for both interdependencies in the cross section and time variations in the parameters. Posterior distributions for the parameters are obtained for...
Persistent link: https://www.econbiz.de/10005504253