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Adaptive Learning in Weighted Network Games

Bayer, Péter - 2017

This paper studies adaptive learning in the class of weighted network games. This class of games includes applications like research and development within interlinked firms, crime within social networks, the economics of pollution, and defense expenditures within allied nations. We show that...

Persistent link: https://www.econbiz.de/10012944776

All but one free ride when wealth effects are small

Silvestre, Joaquim - In: SERIEs : Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 201-207

Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...

Persistent link: https://www.econbiz.de/10009506418

The minimum approval mechanism implements the efficient public good allocation theoretically and experimentally

Masuda, Takehito; Okano, Yoshitaka; Saijō, Tatsuyoshi - 2013

-efficient allocation in backward elimination of weakly dominated strategies (BEWDS) and is unique under plausible conditions. Contributions …

Persistent link: https://www.econbiz.de/10009742003

The evolution of networks and local public good provision : a potential approach

Kinateder, Markus; Merlino, Luca Paolo - In: Games 12 (2021) 3, pp. 1-12

In this paper, we propose a game in which each player decides with whom to establish a costly connection and how much local public good is provided when benefits are shared among neighbors. We show that, when agents are homogeneous, Nash equilibrium networks are nested split graphs....

Persistent link: https://www.econbiz.de/10012591497

The Minimum Approval Mechanism Implements the Efficient Public Good Allocation Theoretically and Experimentally

Masuda, Takehito; Okano, Yoshitaka; Saijō, Tatsuyoshi - 2013

-efficient allocation in backward elimination of weakly dominated strategies (BEWDS), limit logit agent quantal response equilibrium …

Persistent link: https://www.econbiz.de/10014157950

Participation and Demand Levels for a Joint Project

Shinohara, Ryusuke - 2014

. In this game, there exists a subgame perfect Nash equilibrium at which the (Pareto) efficient allocation is achieved. The …, some subgame perfect Nash equilibrium with the efficient allocation satisfies strong perfection, introduced by Rubinstein … (1980), and strong perfection is satisfied only by the subgame perfect Nash equilibrium with the efficient allocation …

Persistent link: https://www.econbiz.de/10014040512

Adaptive learning in weighted network games

Bayer, Péter; Herings, Peter Jean-Jacques; Peeters, Ronald - In: Journal of economic dynamics & control 105 (2019), pp. 250-264

Persistent link: https://www.econbiz.de/10012131965

Global climate change and the funding of adaptation

Buob, Seraina; Stephan, Gunter - 2008

Mitigation and adaptation are the most important strategies in combating global climate change. It is expected that in a post Kyoto world industrialized countries have to engage in greenhouse gas abatement, and to support developing countries in adapting to climate change. Within the framework...

Persistent link: https://www.econbiz.de/10003923370

Growing groups, cooperation, and the rate of entry

Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - 2014

We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group's size yields potential efficiency gains, but only if...

Persistent link: https://www.econbiz.de/10010260008

Growing groups, cooperation, and the rate of entry

Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - 2013 - This Version: May 7, 2013

We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential efficiency gains, but only with sustained cooperation. We then study the effect of exogenously...

Persistent link: https://www.econbiz.de/10009748765