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We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat … coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for …
Persistent link: https://www.econbiz.de/10010312592
Many Social Interactions display either or both of the following well documented phenomena. People tend to interact with similar others (homophily). And they tend to treat others more favorably if they are perceived to share the same identity (in-group bias). While both phenomena involve some...
Persistent link: https://www.econbiz.de/10010282981
Previous work on the formation and stability of cartels has focused on the case of identical players. This assumption is very restrictive in many economic environments. This paper analyses stability of cartels in games with heterogeneous players and spillovers to non-members. I introduce a...
Persistent link: https://www.econbiz.de/10010312346
We propose a two dimensional infinite horizon model of public consumption in which investments are decided by a winner-take-all election. Investments in the two public goods create a linkage across periods and parties have different specialities. We show that the incumbent party vote share...
Persistent link: https://www.econbiz.de/10010312594
Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848-2009), we investigate whether …
Persistent link: https://www.econbiz.de/10010294291
characterization of the efficient voting rule in terms of the weights assigned to different districts and the voting threshold (how …Consider a voting procedure where countries, states, or districts comprising a union each elect representatives who … correlation structure of agents preferences, we analyze how voting weights relate to the population size of a country. We then …
Persistent link: https://www.econbiz.de/10011324952
heterogeneous expectations in one-to-one matching models and voting models, and show that the relaxation of the hypothesis of common …
Persistent link: https://www.econbiz.de/10011816734
We study the impact of loss-aversion and the threat of catastrophic damages, which we jointly call threshold concerns …, on international environmental agreements. We aim to understand whether a threshold for dangerous climate change is as an …), or low damages (gain domain). Under symmetry, that is when countries display identical degrees of threshold concern, we …
Persistent link: https://www.econbiz.de/10011492393
Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes myopic behavior of the agents in the sense that they do not forecast how others might react to their actions. Assuming that agents are farsighted, related stability concepts have...
Persistent link: https://www.econbiz.de/10010279552
aim is to avoid losses that can ensue if the sum of their contributions falls short of a threshold. Earnings are split …
Persistent link: https://www.econbiz.de/10011492394