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Divide and conquer : noisy communication in networks, power, and wealth distribution

Pérez Oviedo, Wilson - 2004

In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...

Persistent link: https://www.econbiz.de/10011600156

Networks of military alliances, wars, and international trade

Jackson, Matthew O.; Nei, Stephen - 2014 - Draft: February 2014

We investigate the role of networks of military alliances in preventing or encouraging wars between groups of countries …, we show that there do not exist any networks that are stable against the addition and deletion of alliances. We then show … that economic benefits from international trade can provide incentives to form alliances in ways that restore stability and …

Persistent link: https://www.econbiz.de/10010350454

Multilateral bargaining in networks : on the prevalence of inefficiencies

Lee, Joosung - 2015

We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out their communication links with upfront transfers....

Persistent link: https://www.econbiz.de/10011279698

Rent seeking and power hierarchies : a noncooperative model of network formation with antagonistic links

Huremovic, Kenan - 2014

Network structure has a significant role in determining the outcomes of many socioeconomic relationships, including the antagonistic ones. In this paper we study a situation in which agents, embedded in a network, simultaneously play interrelated bilateral contest games with their neighbors....

Persistent link: https://www.econbiz.de/10010350458

Farsighted stability with heterogeneous expectations

Bloch, Francis; Nouweland, Anne van den - 2017

This paper analyzes farsighted stable sets when agents have heterogeneous expectations over the dominance paths. We consider expectation functions satisfying two properties of path-persistence and consistency. We show that farsighted stable sets with heterogeneous expectations always exist and...

Persistent link: https://www.econbiz.de/10011660644

Information sharing networks in linear quadratic games

Currarini, Sergio; Feri, Francesco - 2013

We study the bilateral exchange of information in the context of linear quadratic games. An information structure is here represented by a non directed network, whose nodes are agents and whose links represent sharing agreements. We first study the equilibrium use of information in any given...

Persistent link: https://www.econbiz.de/10009756291

Mergers under asymmetric information - is there a lemons problem?

Borek, Thomas (contributor); Bühler, Stefan (contributor); … - 2004 - [Elektronische Ressource]

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model–if any, only low-type firms are traded–is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger...

Persistent link: https://www.econbiz.de/10002202342

An adaptation-mitigation game: does adaptation promote participation in international environmental agreements?

Borrero, Miguel; Rubio, Santiago J. - 2021

This paper studies how the investment in adaptation can influence the participation in an international environmental agreement (IEA) when countries decide in adaptation before they choose their levels of emissions. Two types of agreements are studied, a complete agreement for which countries...

Persistent link: https://www.econbiz.de/10012519985

Cheap talk with correlated signals

Chand, A. K. S.; Currarini, Sergio; Ursino, Giovanni - 2013

We consider a game of information transmission, with one informed decision maker gathering information from one or more informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the one sender case, we show that correlation...

Persistent link: https://www.econbiz.de/10010189326

Information design in multi-stage games

Makrēs, Miltiadēs; Renou, Ludovic - 2018

We consider multi-stage games, where at each stage, players receive private signals about past and current states, past actions and past signals, and choose actions. We fully characterize the distributions over actions, states, and signals that obtain in any (sequential) communication...

Persistent link: https://www.econbiz.de/10011872424

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