Showing 1 - 10 of 14,081
. We approach this gap by analyzing the role of positive and negative externalities of link formation. We find general … results that relate situations of positive externalities with stable networks that cannot be "too dense" in a well …-defined sense, while situations with negative externalities, tend to induce "too dense" networks. …
Persistent link: https://www.econbiz.de/10005002279
In this paper, I look at the interaction between social learning and cooperative behavior. I model this using a social dilemma game with publicly observed sequential actions and asymmetric information about payoffs. I find that some informed agents in this model act, individually and without...
Persistent link: https://www.econbiz.de/10009143950
and a rich set of externalities that are responsible for possible wedges between the equilibrium and the efficient … acquisition of information. First, we relate the (in)efficiency in the acquisition of information to the (in)efficiency in the use … of information and explain why efficiency in the use does not guarantee efficiency in the acquisition. Next, we show how …
Persistent link: https://www.econbiz.de/10010583646
I consider a exible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10011165550
This paper analyzes the impact of local and global interactions on individuals' action choices. Players are located in a network and interact with each other with perfect knowledge of their neighborhood and probabilistic knowledge of the complete network topology. Each player chooses an action,...
Persistent link: https://www.econbiz.de/10010960300
, the less likely cooperation will be. …
Persistent link: https://www.econbiz.de/10011255944
behavior. I show that for a large class of parameters cooperation will emerge if the population is large; if the population is … population, the less likely cooperation will be. <BR><BR> …
Persistent link: https://www.econbiz.de/10005144493
. This raises the important issue of just how such voluntary cooperation might be obtained. In this paper, we explore the …
Persistent link: https://www.econbiz.de/10010541562
We present a dynamic model of club formation in a society of identical people. Coalitions consisting of members of the same club can form for one period and coalition members can jointly deviate. The dynamic process is described by a Markov chain defined by myopic optimization on the part of...
Persistent link: https://www.econbiz.de/10005595881
We develop a game-theoretical model of honesty and fairness to study cooperation in social dilemma games with … cooperation in simultaneous social dilemmas. In contrast, the model based on norms of honesty and fairness can. We also illustrate … cooperation depends on how many players communicate, and whether the social dilemma is played simultaneously or sequentially. In …
Persistent link: https://www.econbiz.de/10011051327