Showing 1 - 10 of 233
This paper examines the usefulness of Kalai (2020)’s measure of the viability of Nash equilibrium. We experimentally study a class of participation games, which differ in the number of players, the success threshold, and the payoff to not participating. We find that Kalai’s measure captures...
Persistent link: https://www.econbiz.de/10014077192
Whether or not to vaccinate one’s child is a decision that a parent may approach in several ways. The vaccination game, in which parents must choose whether to vaccinate a child against a disease, is one with positive externalities (herd immunity). In some societies, not vaccinating is an...
Persistent link: https://www.econbiz.de/10013308109
, and different network layers. At the individual level, homophilous tendencies are persistent across time and network … those characteristics. We also document the nuanced impact of network connections on changes in Grade Point Average …
Persistent link: https://www.econbiz.de/10014262402
We explore network effects on generosity for different network dimensions. To this end we elicit multiple network … generosity with a sequence of dictator games conducted in the field. We find that networks of different dimensions differ … substantially in density, clustering, and centrality. When relating generosity to networks we observe that social distance only …
Persistent link: https://www.econbiz.de/10010275012
In this paper, we develop a network perspective on the welfare gains from trade in today’s internationally fragmented …
Persistent link: https://www.econbiz.de/10012890197
The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network … assessment of theoretical models that aim to identify the determinants of firm-to-firm networks …
Persistent link: https://www.econbiz.de/10013224077
We characterise the entire set of symmetric stationary Markov-perfect Nash equilibria (MPE) in a differential game of public good investment, using the canonical problem of climate change as an example. We provide a sufficient and necessary condition for MPE and show how the entire set of MPE is...
Persistent link: https://www.econbiz.de/10012834996
The purpose of this paper is to model the influence of Kantian moral scruples in a dynamic environment. Our objectives are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the exploitation of a common property renewable resource is...
Persistent link: https://www.econbiz.de/10012860769
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub … firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which … allows lenders to offer different interest rates to network and stand-alone entrepreneurs. We show that a network outcome can …
Persistent link: https://www.econbiz.de/10010270476
-order connections in the world trade network. We apply our methodology to a sample of 204 countries spanning the period from 1962 to … data sets or alternative variations of the integration measure. Overall, this suggests that a network-based approach to …
Persistent link: https://www.econbiz.de/10013211116