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Persistent link: https://www.econbiz.de/10010195626
predominance of star-like structures in real-life social networks. …
Persistent link: https://www.econbiz.de/10010312556
in a buyer-seller network and suggest a framework for studying repeated games in such networks. In our framework, buyers …, sparseness, and segregation. We find that the incentive constraints rule out networks that maximize the volume of trade and that … the constrained trade maximizing networks are in between "old world" segregated and sparse networks, and a "global market …
Persistent link: https://www.econbiz.de/10008669990
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of … large enough. -- information sharing ; oligopoly ; networks ; Bayesian equilibrium …
Persistent link: https://www.econbiz.de/10009731783
This paper studies information acquisition and use in network games. The network structure incorporates both strategic complements (positive links) and substitutes (negative links). An information-use game played on a correlation-adjusted network is derived. Equilibrium inefficiencies in both...
Persistent link: https://www.econbiz.de/10012854885
mitigated in a diametrically opposite way: namely, by creating dense networks that expose the individuals to the risk of …
Persistent link: https://www.econbiz.de/10013020985
predominance of star-like structures in real-life social networks …
Persistent link: https://www.econbiz.de/10013318256
in a buyer-seller network and suggest a framework for studying repeated games in such networks. In our framework, buyers …, sparseness, and segregation. We fi nd that the incentive constraints rule out networks that maximize the volume of trade and that … the constrained trade maximizing networks are in between old world segregated and sparse networks, and a global market …
Persistent link: https://www.econbiz.de/10014044669
I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...
Persistent link: https://www.econbiz.de/10010325361
This paper employs a weighted network analysis to study the empirical properties of the world trade web and their evolution over time. We show that most countries are characterized by weak trade links; yet, there exists a group of countries featuring a large number of strong relationships, thus...
Persistent link: https://www.econbiz.de/10010328488