Showing 1 - 10 of 584,849
We study the diffusion of a true and a false opinion (the rumor) in a social network. Upon hearing an opinion …
Persistent link: https://www.econbiz.de/10012861202
firms. Under the proposed information mechanism, consumers share their initial information with the members of their network … characterizing how many different pieces of information a network is likely to contain. This informativeness is crucial for the … results are robust to the introduction of sequential search and network segregation, but an increase in segregation decreases …
Persistent link: https://www.econbiz.de/10013045761
We introduce a simple two-stage game of endogenous network formation and information sharing for reasoning about the … then we study how the network design and the utility specifications affect welfare. Surprisingly, we find that in general … "babblers" or "friends", irrespective of whether the network is unilateral or bilateral, in equilibrium, targeted information …
Persistent link: https://www.econbiz.de/10010360337
This paper studies a noncooperative model of network formation. Built upon the two-way flow model of Bala and Goyal …
Persistent link: https://www.econbiz.de/10011558335
We introduce a simple two-stage game of endogenous network formation and information sharing for reasoning about the … then we study how the network design and the utility specifications affect welfare. Surprisingly, we find that in general … "babblers" or "friends", irrespective of whether the network is unilateral or bilateral, in equilibrium, targeted information …
Persistent link: https://www.econbiz.de/10013055757
This paper analyses a simultaneous game of network formation and information acquisition where the benefit structure is … such that the benefit that an agent derives from the network she is located in depends on the maximum information that … someone in her neighbourhood, including herself, acquires. It turns out that in equilibrium star network emerges as the unique …
Persistent link: https://www.econbiz.de/10012963047
multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their …
Persistent link: https://www.econbiz.de/10012062102
of a network – applying the Public Good Index (PGI) and the Public Value (PV) –, reinterprets previous work by Holler and … distribution within a network. Here, our focus is on the accountability of the agents – and the Smart City concept …
Persistent link: https://www.econbiz.de/10012834345
We study a coordination game among agents on a network, who choose whether or not to take an action in an uncertain … coordination set if and only if the network is balanced, i.e., the average degree of each subnetwork is no larger than the average … degree of the network. Comparative statics exercises as well as welfare properties are investigated. In particular, we show …
Persistent link: https://www.econbiz.de/10012900481
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this paper, we investigate how social norms affect individual effort, aggregate effort, and welfare. While individual productivity always positively...
Persistent link: https://www.econbiz.de/10012909443