Showing 1 - 9 of 9
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether the networks formed by farsighted players are different from those formed by myopic players. We adopt Herings, Mauleon and Vannetelbosch's (Games and Economic Behavior,...
Persistent link: https://www.econbiz.de/10010279419
Jackson and Watts [J. of Econ. Theory 71 (2002), 44-74] have examined the dynamic formation and stochastic evolution of networks. We provide a refinement of pairwise stability, p-pairwise stability, which allows us to characterize the stochastically stable networks without requiring the tree...
Persistent link: https://www.econbiz.de/10010312297
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether the networks formed by farsighted players are different from those formed by myopic players. We adopt Herings, Mauleon and Vannetelbosch’s (Games and Economic Behavior,...
Persistent link: https://www.econbiz.de/10005008046
Jackson and Watts [J. of Econ. Theory 71 (2002), 44-74] have examined the dynamic formation and stochastic evolution of networks. We provide a refinement of pairwise stability, p-pairwise stability, which allows us to characterize the stochastically stable networks without requiring the "tree...
Persistent link: https://www.econbiz.de/10005392539
We study a coordination game on a fixed connected network where players have to choose between two projects. Some players are moderate (i.e. they are ex-ante indifferent between both project) while others are stubborn (i.e. they always choose the same project). Benefits for moderate players are...
Persistent link: https://www.econbiz.de/10012832138
We reconsider de Marti and Zenou (2017) model of friendship network formation where individuals belong to two different communities. Benefits from direct and indirect connections decay with distance while costs of forming links depend on community memberships. Individuals are now either...
Persistent link: https://www.econbiz.de/10012832141
We adopt the notion of myopic-farsighted stable set to study the stability of networks when myopic and farsighted individuals decide with whom they want to form a link, according to some utility function that weighs the costs and benefits of each connection. A myopic-farsighted stable set is the...
Persistent link: https://www.econbiz.de/10012850695
We propose the notion of coalition-proof stability for predicting the networks that could emerge when group deviations are allowed. A network is coalition-proof stable if there exists no coalition which has a credible group deviation. A coalition is said to have a credible group deviation if...
Persistent link: https://www.econbiz.de/10014096409
We study the criminal networks that will emerge in the long run when criminals are neither myopic nor completely farsighted but have some limited degree of farsightedness. We adopt the horizon-K farsighted set of Herings, Mauleon and Vannetelbosch (2019) to answer this question. We find that in...
Persistent link: https://www.econbiz.de/10013228466