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respect to their network position while their names do not matter. Existence of certain stable network structures is then … empty or complete network are always pairwise stable, stable symmetric networks exist, or stable networks with a connected … pairwise stable network is an NSG if utility is given by Bonacich centrality. …
Persistent link: https://www.econbiz.de/10010386357
; Cover Function ; Bargaining ; Symmetric Game ; Network …
Persistent link: https://www.econbiz.de/10008737140
Persistent link: https://www.econbiz.de/10010354731
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10010344833
present. I do so by extending the two-way flow network with small decay of De Jaegher and Kamphorst (J ECON BEHAV ORGAN, 2015 …
Persistent link: https://www.econbiz.de/10012052280
, 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
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form an undirected network with explicit linking costs anticipating expected equilibrium payoffs from the subsequent … sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash …
Persistent link: https://www.econbiz.de/10010458499
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form costly undirected links anticipating expected equilibrium payoffs from the subsequent network bargaining. Assuming …
Persistent link: https://www.econbiz.de/10011296326
We consider network games in which players simultaneously form partnerships and choose actions. Players are …. We find that, despite the symmetry and simplicity of the setting, quite irregular network structures can arise in …
Persistent link: https://www.econbiz.de/10012793442