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avoidance leads to two particular results in the analysis of Nash networks: (1) Nash networks are not always connected; (2) Nash … networks do not exist under some parameters. Since disconnectedness is reminiscent of a common feature of real-world network …, the model may explain why real-world networks may exhibit this feature even when there is no heterogeneity among agents …
Persistent link: https://www.econbiz.de/10009652918
(increasing) in commitments for same (different) identity. We study conditions under which these choices allow for networks with … multiple identities. We find that whether the choice of identity itself gives any utility or not, there will be Nash networks … featuring multiple identities. Moreover, if the choice of identity directly adds utility, networks with multiple identities will …
Persistent link: https://www.econbiz.de/10008529318
We analyze a team formation process that generalizes matching models and network formation models, allowing for overlapping teams of heterogeneous size. We apply different notions of stability: myopic team-wise stability, which extends to our setup the concept of pair-wise stability, coalitional...
Persistent link: https://www.econbiz.de/10011112205
This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
This paper studies equilibria of second price auctions in independent private value envi- ronments with different participation costs. Two types of equilibria are identified: monotonic equilibria in which a bidder with a lower participation cost results in a lower cutoff for sub- mitting a bid,...
Persistent link: https://www.econbiz.de/10011260669
Exploitation of non–renewable resources is an intensively studied field of environmental economics in the last century. Since the influential Hotelling’s paper a huge progress is made in the depletable resources literature. Although a variety of methodologies is used in that problem’s...
Persistent link: https://www.econbiz.de/10011261011
We address the essential stability of Cournot-Nash equilibria for generalized games with a continuum of players, where only a finite number of them are atomic. Given any set of generalized games continuously parameterized by a complete metric space, we analyze the robustness of equilibria to...
Persistent link: https://www.econbiz.de/10009647259
We consider a game with a continuum of players where only a finite number of them are atomic. Objective functions and admissible strategies may depend on the actions chosen by atomic players and on aggregate information about the actions chosen by non-atomic players. Only atomic players are...
Persistent link: https://www.econbiz.de/10009647408
This paper studies the dynamics of bargaining in an intrahousehold context. To explore long-term partner relationships, we analyse bilateral bargaining by considering that spouses take decisions sequentially. We conclude that, for the spouse who takes the second decision, a greater discount...
Persistent link: https://www.econbiz.de/10008506935
This paper introduces a new incentive compatible mechanism which for general preference environments implements Lindahl allocations as Nash equilibria. The mechanism does not increase in structural complexity as consumers are added to the economy, the minimum dimension of data needed to compute...
Persistent link: https://www.econbiz.de/10005034589