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-dimensional diffusion dynamics where the solution can be characterized in closed form. Finally, the results are illustrated with an explicit …
Persistent link: https://www.econbiz.de/10010847507
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents are connected according to an undirected graph, the social network, and have the choice between two actions: either to adopt a new behavior or technology or stay with the default...
Persistent link: https://www.econbiz.de/10010328348
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well as the action choices are endogenous. We provide a complete characterization of the equilibrium action choices and networks, where agents choose their strategies - actions and...
Persistent link: https://www.econbiz.de/10011663181
Persistent link: https://www.econbiz.de/10009697163
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents are connected according to an undirected graph, the social network, and have the choice between two actions: either to adopt a new behavior or technology or stay with the default...
Persistent link: https://www.econbiz.de/10010227321
Persistent link: https://www.econbiz.de/10010243588
Persistent link: https://www.econbiz.de/10010199135
Persistent link: https://www.econbiz.de/10009788848
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well as the action choices are endogenous. We provide a complete characterization of the equilibrium action choices and networks, where agents choose their strategies - actions and...
Persistent link: https://www.econbiz.de/10011444453
Persistent link: https://www.econbiz.de/10010481298