Showing 1 - 10 of 1,647
We consider the spread of a harmful state through a population divided into two groups. Interaction patterns capture the full spectrum of assortativity possibilities. We show that a central planner who aims for eradication optimally either divides equally the resources across groups, or...
Persistent link: https://www.econbiz.de/10010568483
We study symmetric play in a class of repeated games when players are patient. We show that, while the use of symmetric strategy profiles essentially does not restrict the set of feasible payoffs, the set of equilibrium payoffs is an interesting proper subset of the feasible and individually...
Persistent link: https://www.econbiz.de/10010568484
Persistent link: https://www.econbiz.de/10005510722
Persistent link: https://www.econbiz.de/10005408800
We study a setting in which individual players choose their partners as well as a mode of behavior in 2 x 2 anti-coordination games -- games where a player's best response is to behave differently than the opponent. We characterize the nature of equilibrium networks as well as study the effects...
Persistent link: https://www.econbiz.de/10005731335
Persistent link: https://www.econbiz.de/10005827861
Persistent link: https://www.econbiz.de/10005153919
Persistent link: https://www.econbiz.de/10005331173
Persistent link: https://www.econbiz.de/10001726443
This study explores the formation of buyer-seller relationships in markets with observable quality. We develop a model that explains why relationships form in equilibrium within such markets. A key feature of our model is that as individuals gain experience in the marketplace, they resolve...
Persistent link: https://www.econbiz.de/10014048153