Showing 1 - 10 of 20
I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...
Persistent link: https://www.econbiz.de/10011256410
into account the potential externalities networks produce. Once social ties are in place, these externalities shape the … norms are easily sustained in symmetric networks. By contrast, when an efficient interaction requires players to play …
Persistent link: https://www.econbiz.de/10011257046
equilibria consumers search less frequently in denser networks. Finally, when search costs are low the expected price and the …
Persistent link: https://www.econbiz.de/10011257072
We study a model of multi-player communication. Privately informed decision makers have different preferences about the actions they take, and communicate to influence each othersʼ actions in their favor. We prove that the equilibrium capability of any player to send a truthful message to a set...
Persistent link: https://www.econbiz.de/10011043053
into account the potential externalities networks produce. Once social ties are in place, these externalities shape the … norms are easily sustained in symmetric networks. By contrast, when an efficient interaction requires players to play …
Persistent link: https://www.econbiz.de/10010325280
equilibria consumers search less frequently in denser networks. Finally, when search costs are low the expected price and the …
Persistent link: https://www.econbiz.de/10010325308
I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...
Persistent link: https://www.econbiz.de/10010325361
searching at all (low search intensity equilibrium). In both equilibria consumers search less frequently in denser networks. The …
Persistent link: https://www.econbiz.de/10005128152
equilibria consumers search less frequently in denser networks. Finally, when search costs are low the expected price and the …
Persistent link: https://www.econbiz.de/10005504914
I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...
Persistent link: https://www.econbiz.de/10005144411