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We consider an incomplete information network game in which agents’ information is restricted only to the identity of … walks they have in the network. Our model clearly demonstrates how asymmetric information based on network position and the … identity of agents affect strategic behavior in such network games. We also characterize agent behavior in equilibria under …
Persistent link: https://www.econbiz.de/10014344709
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub … firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which … allows lenders to offer different interest rates to network and stand-alone entrepreneurs. We show that a network outcome can …
Persistent link: https://www.econbiz.de/10010270476
connected and undirected network. Players observe their immediate neighbors' behavior only, but communicate over time the … repeated game's history truthfully throughout the network. The Folk Theorem extends to this setup, although for a range of … produces a network result; namely, the level of cooperation in this setup depends on the network's diameter, and not on its …
Persistent link: https://www.econbiz.de/10010270931
structure of conflictive relations is modeled as a conflict network where opponents are embedded in a local structure of … aggregated equilibrium investment (interpreted as conflict intensity) and underlying network characteristics. The derived results … interrelated conflict structure might have adverse consequences for conflict intensity. -- Network games ; conflicts ; conflict …
Persistent link: https://www.econbiz.de/10003850903
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … results with those obtained in sociology. -- random graph ; game theory ; centrality measures ; network formation ; weak and …
Persistent link: https://www.econbiz.de/10003909559
; Cover Function ; Bargaining ; Symmetric Game ; Network …
Persistent link: https://www.econbiz.de/10008737140
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … results with those obtained in sociology. -- Random graph ; game theory ; centrality measures ; network formation ; weak and …
Persistent link: https://www.econbiz.de/10003925546
, 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
network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …
Persistent link: https://www.econbiz.de/10011334833