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It is widely recognized that the shape of networks influences both individual and aggregate behavior. This raises the … question which types of networks are likely to arise. Our paper fits into the literature that addresses this question. The … paper continues on the work of Galeotti, Goyal and Kamphorst (2003). In their paper they investigate a model of network …
Persistent link: https://www.econbiz.de/10011334857
This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as … the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are … robust features of equilibrium networks. We find that in a society with many groups, where it is cheaper to connect within …
Persistent link: https://www.econbiz.de/10011326943
Persistent link: https://www.econbiz.de/10000959258
network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …
Persistent link: https://www.econbiz.de/10011334833
into account the potential externalities networks produce. Once social ties are in place, these externalities shape the … that the individual's incentives depend on the architecture of the network as well as on the position of the individual … within the network. In particular, when an efficient interaction requires players to mutually cooperate, efficient social …
Persistent link: https://www.econbiz.de/10011335196
Persistent link: https://www.econbiz.de/10009722697
Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
Persistent link: https://www.econbiz.de/10011334334
This paper examines the conception of individuals as being of certain types in Harsanyi'stransformation of games of incomplete information into games of complete information. Itargues that while the conception of the individual in games of complete information offerspotential advances over the...
Persistent link: https://www.econbiz.de/10011334340
the network structure in a data set of collaborating economists. While we find support for the hypothesis of transitivity …
Persistent link: https://www.econbiz.de/10011348344
A symmetric network consists of a set of positions and a set of bilateral links between these positions. Examples of … such networks are exchange networks, communication networks, disease transmission networks, control networks etc. For every … symmetric network we define a cooperative transferable utility game that measures the power of each coalition of positions in …
Persistent link: https://www.econbiz.de/10011343952