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Zissimos, Ben - 2007

familiar problem of coordination failure arises giving rise to multiple equilibria; any one of many possible trade agreements …

Persistent link: https://www.econbiz.de/10014049581

(Anti-) Coordination in Networks

Kovářík, Jaromír; Mengel, Friederike; Romero, J. Gabriel - 2010

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 … of successful coordination. In addition, even though there is a multiplicity of Nash equilibria theoretically, a very …

Persistent link: https://www.econbiz.de/10014195360

Networks with Group Counterproposals

Nieva, Ricardo - 2008

We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous transfer selection in a Nash demand like game in each period. Players in groups can counterpropose. We give necessary and sufficient conditions for efficiency in terms of cyclical...

Persistent link: https://www.econbiz.de/10014215253

Repeated Games Played in a Network

Kinateder, Markus - 2008

Delayed perfect monitoring in an infinitely repeated discounted game is modelled by allocating the players to a connected and undirected network. Players observe their immediate neighbors' behavior only, but communicate over time the repeated game's history truthfully throughout the network. The...

Persistent link: https://www.econbiz.de/10014219142

Stochastic Stability in the Best Shot Game

Boncinelli, Leonardo - 2010

The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It has generally a wide multiplicity of equilibria that we refine through stochastic stability. In this paper we show that, depending on how we define perturbations, i.e. the...

Persistent link: https://www.econbiz.de/10013136154

Team Formation in a Network

Kinateder, Markus - 2009

Two project leaders (or entrepreneurs) in a network, which captures social relations, recruit players in a strategic, competitive and time-limited process. Each team has an optimal size depending on the project's quality. This is a random variable with a commonly known distribution. Only the...

Persistent link: https://www.econbiz.de/10013157465

The Rise and Fall of the Great Fish Pact Under Endogenous Risk of Stock Collapse

Walker, Adam - 2015

Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...

Persistent link: https://www.econbiz.de/10013020516

The Repeated Prisoner’s Dilemma in a Network

Kinateder, Markus - 2010

Imperfect private monitoring in an infinitely repeated discounted Prisoner’s Dilemma played on a communication network is studied. Players observe their direct neighbors’ behavior only, but communicate strategically the repeated game’s history throughout the network. The delay in receiving...

Persistent link: https://www.econbiz.de/10014190075

Computational Complexity in Additive Hedonic Games

Sung, Shao Chin; Dimitrov, Dinko - 2009

We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...

Persistent link: https://www.econbiz.de/10014211874

Sovereign Wealth Funds : Form and Function in the 21st Century

Clark, Gordon L. - 2010

As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions owe as much to a shared (global) moment of institutional formation as they owe their form and functions to the hegemony of...

Persistent link: https://www.econbiz.de/10013135940