Showing 1 - 10 of 13
We model a simple dynamic process in which boundedly rational agents learn through their interactions with others. Of interest is to study the process of contagion where by one action 'spreads throughout the population' and becomes conventional. We vary the network of player interaction between...
Persistent link: https://www.econbiz.de/10002435020
This paper presents results on the stability of the wage dispersion model presented in Mortensen (2003). Specifically, we test four "positive definite" learning processes on a single parameterisation of the underlying model, and submit the most successful to a thorough sensitivity analysis. The...
Persistent link: https://www.econbiz.de/10010210278
We investigate, experimentally, the effects of leadership in a four player weak-link game. A weak-link game is a coordination game with multiple Pareto-ranked Nash equilibria. Because the more efficient equilibria involve a degree of strategic uncertainty groups typically find it difficult to...
Persistent link: https://www.econbiz.de/10003904190
Many charities report donations using categories. We question whether such category reporting increases donations in a signalling game where a donor is either generous or not generous. Conditions are derived under which category reporting will increase giving or decrease giving. Category...
Persistent link: https://www.econbiz.de/10003933785
We investigate experimentally whether the extent of conditional cooperation in public good games depends on the marginal return to the public good and type of game. The marginal return is varied from 0.2 to 0.4 to 0.8. The "standard" game, in which three players contribute before a follower, is...
Persistent link: https://www.econbiz.de/10010228325
We contrast and compare three ways of predicting efficiency in a forced contribution threshold public good game. The three alternatives are based on ordinal potential, quantal response and impulse balance theory. We report an experiment designed to test the respective predictions and find that...
Persistent link: https://www.econbiz.de/10010513482
We analyze a coordination game characterised by varying degrees of conflict of interest, incentive to coordinate and information asymmetry. The primary objective is to question whether endogenous leadership better enables coordination. A secondary objective is to question whether preference and...
Persistent link: https://www.econbiz.de/10003881791
In this paper, we show that a concept of aggregation can hold in network games. Breaking up large networks into smaller pieces, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of summarizing complex strategic...
Persistent link: https://www.econbiz.de/10011763026
In this paper, we develop a new game theoretic network centrality measure based on the Shapley value. To do so, we consider a coalitional game, where the worth of each coalition is the total play in the game introduced in Ballester et al. (2006). We first establish that the game is convex. As a...
Persistent link: https://www.econbiz.de/10012584076
We study properties of collective action problems bounded by minimal contributions as well as endowment and variable contributions are neighbourhood dependent. We relate nearness to non-interior agents and its implication for interior contribution. Here, we see the aspects of node distance to...
Persistent link: https://www.econbiz.de/10012625299