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decay, and this for all increasing benefit functions of the players. We show that as long as the population is large enough …
Persistent link: https://www.econbiz.de/10010325763
(2000a), it assumes that information decay as it flows through each agent, and the decay is increasing and concave in the …
Persistent link: https://www.econbiz.de/10011558335
efficiency. In this note, I show that such is not the case in the twoway flow model with small decay studied by Bala and Goyal …
Persistent link: https://www.econbiz.de/10013254442
Climate change has inspired the interest of the academic community in the most diverse areas of knowledge. This study tests and revisits the environmental Kuznets curve assumptions for Portugal. The econometric strategy used in this research is time series (ARIMA model, OLS estimator, ARCH...
Persistent link: https://www.econbiz.de/10011824180
We study network formation with n players and link cost α 0. After the network is built, an adversary randomly deletes one link according to a certain probability distribution. Cost for player ν incorporates the expected number of players to which ν will become disconnected. We focus on...
Persistent link: https://www.econbiz.de/10009752420
Persistent link: https://www.econbiz.de/10009722697
In this paper, we pursue the work of H. Haller and al. (2005, [10]) and examine the existence of equilibrium networks, called Nash networks, in the noncooperative two-way flow model (Bala and Goyal, 2000, [1]) with partner heterogeneous agents. We show through an example that Nash networks do...
Persistent link: https://www.econbiz.de/10013128763
This paper introduces a partner heterogeneity assumption in the one-way flow model of Bala and Goyal (2000, [1]). Our goal consists in the characterization of strict Nash networks with regard to the set of resources obtained by players. We use the notion of condensation network which allows us...
Persistent link: https://www.econbiz.de/10013128794
decay, and this for all increasing benefit functions of the players. We show that as long as the population is large enough …
Persistent link: https://www.econbiz.de/10013135225
We study a coordination game among agents on a network, who choose whether or not to take an action in an uncertain environment that yields value increasing in the actions of neighbors. We develop an algorithm that fully characterizes the equilibrium partitions (coordination sets) and thresholds...
Persistent link: https://www.econbiz.de/10012900481