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explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity … solely on the types of the two end agents. Core periphery networks are defined as networks in which the agents' set can be … over the other, controlling for path length. An exhaustive analysis shows that core periphery networks, in which the …
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In this paper we study the effects of institutional constraints on stability, efficiency and network formation. More … s/he also belongs to, thus restricting the feasible strategies and networks. In this way only the players in the … setting the part of the current network within each connected component of the cover is assumed to be common knowledge to all …
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Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
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In economics, the standard approach to language is that talk is cheap. Here, instead, language is a social convention that affects utility. Unless language is used in its ordinary sense, it cannot help to coordinate actions because there is no way of decoding it. This points to a unique...
Persistent link: https://www.econbiz.de/10008903436