Showing 1 - 10 of 8,014
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
We develop topological analysis of social-network effect on game equilibrium in the context of two- player asymmetric … with respect to the corresponding social-network effect under consideration. That is, the uniqueness of the mixed …-strategy game equilibrium in a given social network is identified. Thirdly, it is argued that uniqueness implies independence for a …
Persistent link: https://www.econbiz.de/10010346729
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are close to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10014025690
Persistent link: https://www.econbiz.de/10011620507
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
Persistent link: https://www.econbiz.de/10011448771
partition the network into smaller subgames whose equilibrium sets may be more feasible to compute. We provide bounds on the … interactions. We also provide algorithms for computing pairwise stable and directed Nash stable networks in network formation games. …
Persistent link: https://www.econbiz.de/10012316590
We study perfect information games with an infinite horizon played by an arbitrary number of players. This class of games includes infinitely repeated perfect information games, repeated games with asynchronous moves, games with long and short run players, games with overlapping generations of...
Persistent link: https://www.econbiz.de/10014204654
Persistent link: https://www.econbiz.de/10014165863
We examine contemporaneous perfect equilibria, in which a player's actions after every history, evaluated at the point of deviation from the equilibrium, must be within of a best response. This concept implies, but is not implied by Radner's ex ante perfect equilibrium. A strategy profile is a...
Persistent link: https://www.econbiz.de/10014118720