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This paper analyses a simultaneous game of network formation and information acquisition where the benefit structure is … such that the benefit that an agent derives from the network she is located in depends on the maximum information that … someone in her neighbourhood, including herself, acquires. It turns out that in equilibrium star network emerges as the unique …
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Literature on network formation typically assumes that people create and remove relations as to maximize their outcome … in the network. It is mostly neglected that people might also care about the outcomes of others when creating and … outcomes of others during network formation. We find varying evidence for effects of social motives in the settings we compare …
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dimensions of our identity (“homophily”). Lab studies of network formation games have found that adherence to social norms of … reciprocity and inequity aversion are also drivers of network choices. No study so far has attempted to investigate the role of … between his/her profile and the profile of the other player. At this point, a repeated network formation game ensues. We find …
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network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
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