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belonging to their selected club. A sequential two-stage approach is used to separate network formation decisions and public … goods decisions and apply farsighted stability to characterize the network structures that emerge and persist as a result of … this sequence of stages. Criteria are established based on the player size and network parameters for determining the …
Persistent link: https://www.econbiz.de/10013012002
This study investigates how people provide public goods in a network formation game. In this game, players first form a … network through bilateral linking, with or without a link cost, and then contribute to a public good, which can benefit both …
Persistent link: https://www.econbiz.de/10014079216
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and …
Persistent link: https://www.econbiz.de/10009501125
In this paper, we show that a concept of aggregation can hold in network games. Breaking up large networks into smaller … provide an application to public goods in networks to show the usefulness of our results. In particular, we highlight network … architectures that cannot prevent free-riding in public good network games. Finally, we show that aggregation enhances the stability …
Persistent link: https://www.econbiz.de/10011763026
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
In this paper, we show that a concept of aggregation can hold in large network games with linear best replies. Breaking … compute all Nash equilibria for the special network structure of cograph. A key finding is that a stable Nash equilibrium of … the large network game can be decomposed into a collection of Nash equilibria of subnetwork games. Thereby, we establish a …
Persistent link: https://www.econbiz.de/10012655535
We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government's choice on...
Persistent link: https://www.econbiz.de/10014219141
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10009153947
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
This paper extends the Cournot-Shapiro model to provide a tractable model of voluntary patent pool formation among standard essential patent holders. We assume that patent holders have complementary patents for a standard. We first show that the existence of a path of voluntary patent pool...
Persistent link: https://www.econbiz.de/10014243778