Showing 1 - 10 of 2,673
Persistent link: https://www.econbiz.de/10010354731
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 …
Persistent link: https://www.econbiz.de/10010344833
, I provide a proposition that generalizes the results of these two models by stating that: (i) Strict Nash network … network as in Billand et al (2011). This proposition requires that a certain restriction on link formation cost (called …
Persistent link: https://www.econbiz.de/10010518019
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for … efficient equilibria and shows the prevalence of strategic delays. If the underlying network is either complete or circular …
Persistent link: https://www.econbiz.de/10011279698
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form costly undirected links anticipating expected equilibrium payoffs from the subsequent network bargaining. Assuming …
Persistent link: https://www.econbiz.de/10011296326
many well-known results from the contest literature can be obtained by varying the structure of the network. Our framework …
Persistent link: https://www.econbiz.de/10012919103
present. I do so by extending the two-way flow network with small decay of De Jaegher and Kamphorst (J ECON BEHAV ORGAN, 2015 …
Persistent link: https://www.econbiz.de/10012052280
Theoretical models on network formation focus mostly on the stability and efficiency of equilibria, but they cannot … starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple … stage in which the network is disrupted. This setting allows us to analyze the interplay between the need for farsightedness …
Persistent link: https://www.econbiz.de/10012014878
This paper studies a non-cooperative model of network formation. Built upon the two-way flow model of Bala and Goyal …
Persistent link: https://www.econbiz.de/10012967682
Network structure has a significant role in determining the outcomes of many socioeconomic relationships, including the … antagonistic ones. In this paper we study a situation in which agents, embedded in a network, simultaneously play interrelated … bilateral contest games with their neighbors. Interrelatedness of contests induces complex local and global network effects. We …
Persistent link: https://www.econbiz.de/10010350458