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In this paper, we show that a concept of aggregation can hold in network games. Breaking up large networks into smaller pieces, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of summarizing complex strategic...
Persistent link: https://www.econbiz.de/10011943088
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In this paper, we develop a new game theoretic network centrality measure based on the Shapley value. To do so, we consider a coalitional game, where the worth of each coalition is the total play in the game introduced in Ballester et al. (2006). We first establish that the game is convex. As a...
Persistent link: https://www.econbiz.de/10012664389
In this paper, we show that a concept of aggregation can hold in large network games with linear best replies. Breaking up large networks into smaller subnetworks, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of...
Persistent link: https://www.econbiz.de/10013396062
establish a link between the generic network and its partitioned or quotient graph, and use it to relate the Nash equilibrium … that geometrically characterise the key class for an optimal reduction (or increase) in the aggregate and the per …
Persistent link: https://www.econbiz.de/10013396063
This paper investigates a model of default in financial networks where the decision by one agent on whether or not to …
Persistent link: https://www.econbiz.de/10013396064
Measuring individual productivity (or equivalently distributing the overall productivity) in a network structure of …
Persistent link: https://www.econbiz.de/10014480393