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stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
Persistent link: https://www.econbiz.de/10009756291
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network … structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging … experimental game on eight-person networks. Free-form chat is enormously effective in achieving the nonequilibrium efficient …
Persistent link: https://www.econbiz.de/10012003459
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10003974212
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of … large enough. -- information sharing ; oligopoly ; networks ; Bayesian equilibrium …
Persistent link: https://www.econbiz.de/10009731783
Banks failed in 2008 because individuals with knowledge of risks were not connected to individuals who had the incentive and power to take corrective action. Evidence of this problem is provided by reports from the Lehman liquidator and The US Government Financial Crisis Inquiry Commission....
Persistent link: https://www.econbiz.de/10013092870
mitigated in a diametrically opposite way: namely, by creating dense networks that expose the individuals to the risk of …
Persistent link: https://www.econbiz.de/10013020985
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …
Persistent link: https://www.econbiz.de/10012712704
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs’ types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10013316207
decreasing trust in science. Even without fake news, combining the internet's ease of forming networks with (a) individual biases …
Persistent link: https://www.econbiz.de/10012040625