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We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately informed agents have different preferences about the action to be implemented by each agent and repeatedly communicate with their neighbors in the network. We first characterize...
Persistent link: https://www.econbiz.de/10012215318
This paper provides a formal characterization of the process of rational learning in social networks. Agents receive … speed of convergence is also considered and an answer to the question of optimal information aggregation in networks … networks. …
Persistent link: https://www.econbiz.de/10011599474
associated social cliques (consisting of groups of individuals linked to each other at zero cost, such as friendship networks …) ensure the emergence of communication networks that lead to asymptotic learning. Our result shows that societies with too …
Persistent link: https://www.econbiz.de/10011599505
This paper provides a formal characterization of the process of rational learning in social networks. Agents receive … speed of convergence is also considered and an answer to the question of optimal information aggregation in networks … networks. …
Persistent link: https://www.econbiz.de/10009395396
associated social cliques (consisting of groups of individuals linked to each other at zero cost, such as friendship networks …) ensure the emergence of communication networks that lead to asymptotic learning. Our result shows that societies with too …
Persistent link: https://www.econbiz.de/10010738405
The paper discusses community enforcement in infinitely repeated, two-action games with local interaction and uncertain monitoring. Each player interacts with and observes only a fixed set of opponents, of whom he is privately informed. The main result shows that when beliefs about the...
Persistent link: https://www.econbiz.de/10011599512
A key obstacle to coordination and cooperation in many networked environments is that behavior in each bilateral relationship is not observable to individuals outside that relationship: that is, information is local. This paper investigates when players can use communication to replicate any...
Persistent link: https://www.econbiz.de/10011599535
This paper studies a game of attack and interception in a network, where a single attacker chooses a target and a path, and each node chooses a level of protection. We show that the Nash equilibrium of the game exists and is unique. We characterize equilibrium attack paths and attack...
Persistent link: https://www.econbiz.de/10014536957
We analyze the formation of partnerships in social networks. Players need favors at random times and ask their …
Persistent link: https://www.econbiz.de/10012215334
among sellers. In dense networks, competition limits the scope of indirect appropriability and intellectual property rights …
Persistent link: https://www.econbiz.de/10013189086