Showing 1 - 10 of 467
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … network or only on the link itself. A final aspect is whether or not players can pay other players to refrain from forming … related either to accounting for a specific type of externality, or to dealing with the combinatorial nature of network …
Persistent link: https://www.econbiz.de/10011603119
objectives here are to model the structure and strategy of interactions prevailing at any point in time as a directed network and … to address the following open question in the theory of social and economic network formation: given the rules of network … networks, and the trembles of nature, what network and coalitional dynamics are likely to emerge and persist. Our main …
Persistent link: https://www.econbiz.de/10008811035
Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of … alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …
Persistent link: https://www.econbiz.de/10011591365
emerge at equilibrium. We define the notion of coalitional network to represent a network and a coalition structure, where … the network specifies the nature of the relationship each individual has with his coalition members and with individuals … contractual stability which requires that any change made to the coalitional network needs the consent of both the deviating …
Persistent link: https://www.econbiz.de/10008810985
The paper examines the formation of free trade agreements (FTAs) as a network formation game. We consider a general n … all countries are symmetric, a complete global free trade network is pairwise stable and it is the unique stable network …
Persistent link: https://www.econbiz.de/10011591686
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and …
Persistent link: https://www.econbiz.de/10009501125
A local public-good game played on directed networks is analyzed. The model is motivated by one-way flows of hydrological influence between cities of a river basin that may shape the level of their contribution to the conservation of wetlands. It is shown that in many (but not all) directed...
Persistent link: https://www.econbiz.de/10008747649
, I provide a proposition that generalizes the results of these two models by stating that: (i) Strict Nash network … network as in Billand et al (2011). This proposition requires that a certain restriction on link formation cost (called …
Persistent link: https://www.econbiz.de/10010518019
that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
Persistent link: https://www.econbiz.de/10011737578
are determined by a precise relationship between the lowest eigenvalue of the network, a measure of players' payoff … study of aggregative network games, games of mixed interactions, and Bayesian network games. …
Persistent link: https://www.econbiz.de/10011794635