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We consider an incomplete information network game in which agents’ information is restricted only to the identity of … walks they have in the network. Our model clearly demonstrates how asymmetric information based on network position and the … identity of agents affect strategic behavior in such network games. We also characterize agent behavior in equilibria under …
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Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and...
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Observational learning is typically examined when agents have precise information about their position in the sequence of play. We present a model in which agents are uncertain about their positions. Agents sample the decisions of past individuals and receive a private signal about the state of...
Persistent link: https://www.econbiz.de/10013000538
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning, an agent's payoff depends both on the state and...
Persistent link: https://www.econbiz.de/10012022731
This paper studies network games with strategic complementarities when agents have only partial knowledge of, but some … network models. Equilibrium actions are positively related to in-degree network centrality but more central agents also show … between a measure of individual incentives to take up risk and their out-degree network centrality …
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