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significantly helps coordination, but only when subjects are pre-instructed to think of the wheel network as a reasonable way to …We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat … coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …
Persistent link: https://www.econbiz.de/10010312592
This paper considers a model of economic network characterized by an endogenous architecture and frictions in the … relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that … frictions in the relations among agents are endogenous. Frictions are modeled as dependent on the result of a coordination game …
Persistent link: https://www.econbiz.de/10010293402
, in our paper the network has an intrinsic value that depends on the chosen action in the coordination game by each … participant. Moreover the endogenous network structure affects the play in the coordination game as well as the latter affects the …This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission …
Persistent link: https://www.econbiz.de/10010312452
benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10010274056
This work presents experimental results on a coordination game in which agents must repeatedly choose between two sides … show that, at the aggregate level a quite remarkable degree of coordination is achieved. Moreover providing players with …
Persistent link: https://www.econbiz.de/10010328550
The paper explores a game-theoreticmodel of petty corruption involving a sequence of entrepreneurs and a track of bureaucrats. Each entrepreneur's project is approved if and only if it is cleared by each bureaucrat. The project value is stochastic; its value is observed only by the entrepreneur,...
Persistent link: https://www.econbiz.de/10010292052
This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner's Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation can be achieved by an ongoing group? How does group...
Persistent link: https://www.econbiz.de/10011325070
People have a marginal role in managing forests located in the vicinity of their villages inNorthern India. This situation is scrutinised in this paper by studying strategic play of forestusers. Thereto, a 1 versus n−1 game of people's participation in forest management is estimatedfor three...
Persistent link: https://www.econbiz.de/10011335757
that the individual's incentives depend on the architecture of the network as well as on the position of the individual … within the network. In particular, when an efficient interaction requires players to mutually cooperate, efficient social …
Persistent link: https://www.econbiz.de/10010325280
We show that small switching costs can have surprisingly dramatic effects in infinitely repeated games if these costs are large relative to payoffs in a single period. This shows that the results in Lipman and Wang [2000] do have analogs in the case of infinitely repeated games. We also discuss...
Persistent link: https://www.econbiz.de/10011940654