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Optimal Equilibria of the Best Shot Game
Pin, Paolo; Dall' Asta, Luca; Ramezanpour, Abolfazl - 2009
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
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Applications of Relations and Graphs to Coalition Formation
Rusinowska, Agnieszka; Berghammer, Rudolf; De Swart, Harrie - 2006
A stable government is by definition not dominated by any other government. However, it may happen that all governments are dominated. In graph-theoretic terms this means that the dominance graph does not possess a source. In this paper we are able to deal with this case by a clever combination...
Persistent link: https://www.econbiz.de/10014058104
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Environmental Policy, Spatial Spillovers and the Emergence of Economic Agglomerations
Xepapadeas, Anastasios; Kyriakopoulou, Efthymia - 2009
We explain the spatial concentration of economic activity, in a model of economic geography, when the cost of environmental policy - which is increasing in the concentration of emissions - and an immobile production factor act as centrifugal forces, while positive knowledge spillovers and...
Persistent link: https://www.econbiz.de/10014204015
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Adjustment Costs and Long Run Spatial Agglomerations
Brock, William A.; Xepapadeas, Anastasios; … - 2013
We introduce knowledge spillovers as an externality in the production function of competitive firms operating in a finite spatial domain under adjustment costs. Spillovers are spatial as productive knowledge flows more easily among firms located nearby. When knowledge spillovers are not...
Persistent link: https://www.econbiz.de/10014154180
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Stochastic Stability in the Best Shot Game
Boncinelli, Leonardo - 2010
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
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How Homophily Affects the Speed of Learning and Best Response Dynamics
Golub, Benjamin - 2012
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
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Myopic or Farsighted? An Experiment on Network Formation
Mantovani, Marco - 2011
Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes … agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test … these theories. Our results provide support for farsighted stability and strongly reject the idea of myopic behavior …
Persistent link: https://www.econbiz.de/10013123330
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Strategic Network Interdiction
Hong, Sunghoon - 2011
We develop a strategic model of network interdiction in a non-cooperative game of flow. An adversary, endowed with a bounded quantity of bads, chooses a flow specifying a plan for carrying bads through a network from a base to a target. Simultaneously, an agency chooses a blockage specifying a...
Persistent link: https://www.econbiz.de/10013123535
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The Swing Voter's Curse in Social Networks
Buechel, Berno - 2017
We study private communication in social networks prior to a majority vote on two alternative policies. Some (or all) agents receive a private imperfect signal about which policy is correct. They can, but need not, recommend a policy to their neighbors in the social network prior to the vote. We...
Persistent link: https://www.econbiz.de/10012963940
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Cooperation Through Imitation and Exclusion In Networks
Fosco, Constanza - 2009
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