Showing 1 - 10 of 54
Persistent link: https://www.econbiz.de/10010354731
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10010344833
, incomplete and irregular network can be stable, with firms observing high variance signals acting as "critical nodes". Finally …, when signals are correlated, the empty network may not be pairwise stable when the number of firms and/or correlation are …
Persistent link: https://www.econbiz.de/10009731783
This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network …
Persistent link: https://www.econbiz.de/10009735339
We generalize results on the monotocity of equilibria for network games with incomplete information.In those games … players know the stochastic process of network formation and their own degree in the realized network, and decide an action … depending on the strategic interaction in the network between their own action and a statistic (as the mean, the maximum or the …
Persistent link: https://www.econbiz.de/10013049937
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10010761741
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 sharing network, finding that the extent to which a piece of …
Persistent link: https://www.econbiz.de/10010665515
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10011086477
, incomplete and irregular network can be stable, with firms observing high variance signals acting as critical nodes. Finally …, when signals are correlated, the empty network may not be pairwise stable when the number of firms and/or correlation are …
Persistent link: https://www.econbiz.de/10010293393
We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of private signals. Using the general model developed by Raith (1996), we show that if firms are allowed to make bilateral exclusive sharing agreements, then some degree of...
Persistent link: https://www.econbiz.de/10010293423