Showing 1 - 10 of 11
has generally a wide multiplicity of equilibria that we refine through stochastic stability. In this paper we show that …
Persistent link: https://www.econbiz.de/10013136154
We study (anti-) coordination problems in networks in a laboratory experiment. Participants interact with their neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which players are heterogeneous in the number of connections...
Persistent link: https://www.econbiz.de/10014195360
We examine how the speed of learning and best-response processes depends on homophily: the tendency of agents to associate disproportionately with those having similar traits. When agents' beliefs or behaviors are developed by averaging what they see among their neighbors, then convergence to a...
Persistent link: https://www.econbiz.de/10013116883
We develop a simple model to study the coevolution of interaction structures and action choices in Prisoners' Dilemma games. Agents are boundedly rational and choose both actions and interaction partners via payoff-based imitation. The dynamics of imitation and exclusion yields polymorphic...
Persistent link: https://www.econbiz.de/10013157463
We consider any network environment in which the 'best shot game' is played. This is the case where the possible actions are only two for every node (0 and 1), and the best response for a node is 1 if and only if all her neighbors play 0. A natural application of the model is one in which the...
Persistent link: https://www.econbiz.de/10014205787
We analyze a model of price competition ά la Bertrand in a network environment. Firms only have a limited information on the structure of network: they know the number of potential customers they can attract and the degree distribution of customers. This incomplete information framework...
Persistent link: https://www.econbiz.de/10014219134
Our societies are heterogeneous in many dimensions such as census, education, religion, ethnic and cultural composition. The links between individuals - e.g. by friendship, marriage or collaboration - are not evenly distributed, but rather tend to be concentrated within the same group. This...
Persistent link: https://www.econbiz.de/10014219138
We investigate the role of networks of alliances in preventing (multilateral) interstate wars. We first show that, in the absence of international trade, no network of alliances is peaceful and stable. We then show that international trade induces peaceful and stable networks: trade increases...
Persistent link: https://www.econbiz.de/10014145358
We study learning and influence in a setting where agents communicate according to an arbitrary social network and naively update their beliefs by repeatedly taking weighted averages of their neighbors' opinions. A focus is on conditions under which beliefs of all agents in large societies...
Persistent link: https://www.econbiz.de/10014049685
equilibrium concept we adopt a refinement of pairwise stability. The only parameters are the number N of agents and a constant …
Persistent link: https://www.econbiz.de/10014058087