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This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
Persistent link: https://www.econbiz.de/10010272385
Imperfect private monitoring in an infinitely repeated discounted Prisoner's Dilemma played on a communication network …'s history throughout the network. The delay in receiving this information requires the players to be more patient to sustain the … same level of cooperation as in a complete network, although a Folk Theorem obtains when the players are patient enough …
Persistent link: https://www.econbiz.de/10010272435
&D and productivity levels of firms. Trade agreements between countries are modelled with a network: nodes represent … agreement is represented by the complete network while the overlap of regional trade agreements is represented by the hub …-and-spoke trade system. Trade liberalization, which increases the network of trade agreements, reinforces the incentives for firms to …
Persistent link: https://www.econbiz.de/10010326722
a product to specific users of a social network. Discussion over a social network generates spillover effects for firms … when consumers can use the social network to inform each other about products. When a firm can exploit a social network …'s structure, it can increase its sales. However, when the network formation process is costly, firms free-ride on such costs at …
Persistent link: https://www.econbiz.de/10010368301
.g. geographical distance between regions). ERGMs represent a new set of network analysis techniques that have been developed in recent … determinants at the structural network level while still only requiring cross-sectional network data. The usefulness of ERGMs is … illustrated by an empirical study on the structure of the cross-regional R and D collaboration network of the German chemical …
Persistent link: https://www.econbiz.de/10011291815
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/10011307292
employers. Knowledge can be embodied in several different forms, in individuals, in books, in machines, or in processes. Human … capital refers to embodied knowledge in individuals, comprising qualifications acquired through education, experience, skills … knowledge carriers and since an individual cannot be separated from these characteristics the knowledge can therefore not be …
Persistent link: https://www.econbiz.de/10011399900
endogenous structure of collaboration is represented by a weighted network. The agents are forward-looking and capable of …
Persistent link: https://www.econbiz.de/10012010052
should be nowadays replaced with a network-oriented view. Closer insight into the concept of systemic risk can refer to the … have disastrous effects and cause extreme damage as the number of network nodes goes to infinity. Strongly interconnected …
Persistent link: https://www.econbiz.de/10012011872
One of the most famous ranking methods for digraphs is the ranking by Copeland score. The Copeland score of a node in a digraph is the difference between its outdegree (i.e. its number of outgoing arcs) and its indegree (i.e. its number of ingoing arcs). In the ranking by Copeland score, a node...
Persistent link: https://www.econbiz.de/10012114779