Showing 1 - 10 of 57
of centralized and decentralized entry-level labor markets, evolution and adjustment paths of unraveling are explored …
Persistent link: https://www.econbiz.de/10005550908
alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …
Persistent link: https://www.econbiz.de/10005550861
I survey the recent literature on the formation of networks. I provide definitions of network games, a number of …
Persistent link: https://www.econbiz.de/10005550866
We examine a simple economic model of network formation where agents benefit from indirect relationships. We show that small-world features - -- short path lengths between nodes together with highly clustered link structures --- necessarily emerge for a wide set of parameters.
Persistent link: https://www.econbiz.de/10005407573
features that have been found to characterize large socially generated networks. Moreover, we derive the distribution of degree … lower tail may exhibit substantial curvature, just as in observed networks. We then fit the model to data from six networks …. Besides offering a close fit of these diverse networks, the model allows us to impute the relative importance of search versus …
Persistent link: https://www.econbiz.de/10005062339
We examine a new class of games, which we call social games, where players not only choose strategies but also choose with whom they play. A group of players who are dissatisfied with the play of their current partners can join together and play a new equilibrium. This imposes new refinements on...
Persistent link: https://www.econbiz.de/10005062336
In this paper we use a non cooperative equilibrium selection approach as a notion of stability in link formation games. Specifically, we follow the global games approach first introduced by Carlsson and van Damme (1993), to study the robustness of the set of Nash equilibria for a class of link...
Persistent link: https://www.econbiz.de/10005407549
We present a simple model of spatial evolution that avoids several problems that arise with more complex networks of … captured while nonlinearities that would arise with more complex networks are avoided. We can identify characteristics of … evolution in networks such as stable cooperation in prisoners' dilemma games and long run exploitation among different …
Persistent link: https://www.econbiz.de/10005118522
This paper offers a noncooperative behaviourally-founded solution of the complete information bargaining problem where two impatient individuals wish to divide a unit pie. We formulate the game in continuous time, with unrestricted timing and content of offers. Reprising experimental work from...
Persistent link: https://www.econbiz.de/10005550878
We introduce a non-cooperative model of bargaining when players are divided into coalitions. The model is a modification of the mechanism in Vidal-Puga (Economic Theory, 2005) so that all the players have the same chances to make proposals. This means that players maintain their own 'right to...
Persistent link: https://www.econbiz.de/10005550887