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into account the potential externalities networks produce. Once social ties are in place, these externalities shape the … norms are easily sustained in symmetric networks. By contrast, when an efficient interaction requires players to play …
Persistent link: https://www.econbiz.de/10011335196
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well … networks, where agents choose their strategies - actions and links - according to a perturbed best response update rule. We …
Persistent link: https://www.econbiz.de/10011444453
complementarity in actions, efficiency can be either associated to more sparse or denser networks, depending on the size of the …
Persistent link: https://www.econbiz.de/10011621465
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well … networks, where agents choose their strategies - actions and links - according to a perturbed best response update rule. We …
Persistent link: https://www.econbiz.de/10011657343
future choices. These considerations motivate a rich research programme on how social networks shape individual and …
Persistent link: https://www.econbiz.de/10014025688
Persistent link: https://www.econbiz.de/10011805119
deliver an understanding of why specific equilibrium networks are selected or whether they are all actually reachable from any …
Persistent link: https://www.econbiz.de/10012014878
This paper presents a non-Bayesian model of social learning in networks in an environment with a finite set of actions … such properties and establish that consensus occurs in arbitrary strongly connected networks if and only if the revision …
Persistent link: https://www.econbiz.de/10013062835
This paper examines moral hazard in teams over time. Agents are collectively engaged in an uncertain project, and their individual efforts are unobserved. Free-riding leads not only to a reduction in effort, but also to procrastination. The collaboration dwindles over time, but never ceases as...
Persistent link: https://www.econbiz.de/10013160241
This paper studies fictitious play in networks of noncooperative two-person games. We show that continuous … functions do not possess the continuous-time fictitious-play property. As extensions, we consider networks in which each … zero-sum networks. Applications include security games, conflict networks, and decentralized wireless channel selection …
Persistent link: https://www.econbiz.de/10012902571