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We study network formation with n players and link cost α > 0. After the network is built, an adversary randomly …
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routinely engage in strategic situations with both: our social network impacts our strategic knowledge. Peer …-confirming equilibrium describes the behavioral consequences of this intuition in a noncooperative game. We augment a game with a network to … represent strategic information: if two players are linked in the network, they have correct conjectures about each others …
Persistent link: https://www.econbiz.de/10012934992
structure of conflictive relations is modeled as a conflict network where opponents are embedded in a local structure of … aggregated equilibrium investment (interpreted as conflict intensity) and underlying network characteristics. The derived results … interrelated conflict structure might have adverse consequences for conflict intensity. -- Network games ; conflicts ; conflict …
Persistent link: https://www.econbiz.de/10003850903
by its members. When groups consist of two voting players, our games can also be interpreted as network-formation games …
Persistent link: https://www.econbiz.de/10014073874
This paper provides a thorough analysis of oligopolistic markets with positive demand-side network externalities and …'s rivals' total output as well as in the expected network size. This leads to a generalized equilibrium existence treatment … general results in the literature on network goods. Several illustrative examples with closed-form solutions are also provided …
Persistent link: https://www.econbiz.de/10009408045
This paper provides a thorough analysis of oligopolistic markets with positive demand-side network externalities and …'s rivals' total output as well as in the expected network size. This leads to a generalized equilibrium existence treatment … of free entry equilibrium for network industries. The approach relies on lattice-theoretic methods, which allow for a …
Persistent link: https://www.econbiz.de/10014201449
value and apply this algorithm to a game of network externalities. Our results are independent of a theory of equilibrium …
Persistent link: https://www.econbiz.de/10014065935
Riley (1979)'s reactive equilibrium concept addresses problems of equilibrium existence in competitive markets with adverse selection. The game-theoretic interpretation of the reactive equilibrium concept in Engers and Fernandez (1987) yields the Rothschild-Stiglitz (1976)/Riley (1979)...
Persistent link: https://www.econbiz.de/10010419870