Showing 1 - 10 of 14,186
small world network. This paper develops a strategic network formation model where agents have heterogeneous knowledge of … the network: cognizant agents know the whole network, while ignorant ones are less knowledgeable. For a broad range of … have higher betweenness centrality: they are the brokers who connect different parts of the network. Ignorant agents cause …
Persistent link: https://www.econbiz.de/10005008025
Imperfect private monitoring in an infinitely repeated discounted Prisoner’s Dilemma played on a communication network …’s history throughout the network. The delay in receiving this information requires the players to be more patient to sustain the … same level of cooperation as in a complete network, although a Folk Theorem obtains when the players are patient enough …
Persistent link: https://www.econbiz.de/10008674329
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
Persistent link: https://www.econbiz.de/10008674336
We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … the intensity of a conflict. The model combines elements from network theory and from the politico-economic theory of … characterization of the Nash equilibrium of the fighting game, and of how the network structure affects individual and total fighting …
Persistent link: https://www.econbiz.de/10011145465
A principal offers bilateral contracts to a set of agents organized in a network conveying synergies, in a context … optimal contracts as a function of agents' positions on the network. The analysis shows that contract enforceability is key to … contract with a single agent on the network. Last, we extend this setting to network entry. …
Persistent link: https://www.econbiz.de/10011165804
connected and undirected network. Players observe their immediate neighbors’ behavior only, but communicate over time the … repeated game’s history truthfully throughout the network. The Folk Theorem extends to this setup, although for a range of … produces a network result; namely, the level of cooperation in this setup depends on the network’s diameter, and not on its …
Persistent link: https://www.econbiz.de/10005230891
We consider agents playing a linear network game with strategic complementarities. We analyse the problem of a policy … maker who can change the structure of the network in order to increase the aggregate efforts of the individuals and/or the … sum of their utilities, given that the number of links of the network has to remain fixed. We identify some link …
Persistent link: https://www.econbiz.de/10010900273
We introduce a procedure to infer the repeated-game strategies that generate actions in experimental choice data. We apply the technique to set of experiments where human subjects play a repeated Prisoner's Dilemma. The technique suggests that two types of strategies underly the data.
Persistent link: https://www.econbiz.de/10005133132
We introduce a procedure to infer the repeated-game strategies that generate actions in experimental choice data. We apply the technique to set of experiments where human subjects play a repeated Prisoner's Dilemma. The technique suggests that two types of strategies underly the data.
Persistent link: https://www.econbiz.de/10008671549
, highlights the network basis of economic growth and adds a novel perspective to the notion of economic openness. We also perform …
Persistent link: https://www.econbiz.de/10010986690