Showing 211 - 220 of 270
Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers but a scarcity of high skills, and an easy task assigned to a high-skill...
Persistent link: https://www.econbiz.de/10013060414
We review classic results and recent progress on equilibrium analysis, dynamics, and optimal interventions in network games with both continuous and discrete strategy sets. We study strategic interactions in deterministic networks as well as networks generated from a stochastic network formation...
Persistent link: https://www.econbiz.de/10013222772
Many platforms deploy data collected from users for a multitude of purposes. While some are beneficial to users, others are costly to their privacy. The presence of these privacy costs means that platforms may need to provide guarantees about how and to what extent user data will be harvested...
Persistent link: https://www.econbiz.de/10014262495
Most large-scale communication networks, such as the Internet, consist of interconnected administrative domains. While source (or selfish) routing, where transmission follows the least cost path for each source, is reasonable across domains, service providers typically engage in traffic...
Persistent link: https://www.econbiz.de/10014056396
This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential borrowers. Borrowers are subject to shocks that may force them to default on their loans. In contrast to much of the previous literature on financial networks, we focus on how...
Persistent link: https://www.econbiz.de/10013298205
We study discrete opinion dynamics in a social network with "stubborn agents" who influence others but do not change their opinions. We generalize the classical voter model by introducing nodes (stubborn agents) that have a fixed state. We show that the presence of stubborn agents with opposing...
Persistent link: https://www.econbiz.de/10013131256
We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...
Persistent link: https://www.econbiz.de/10013136361
We study the (perfect Bayesian) equilibrium of a model of learning over a general social network. Each individual receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood of individuals, and chooses one of two possible...
Persistent link: https://www.econbiz.de/10013117076
This paper argues that the extent of financial contagion exhibits a form of phase transition: as long as the magnitude of negative shocks affecting financial institutions are sufficiently small, a more densely connected financial network (corresponding to a more diversified pattern of interbank...
Persistent link: https://www.econbiz.de/10011156804
We provide a model to investigate the tension between information aggregation and spread of misinformation. Individuals meet pairwise and exchange information, which is modeled as both individuals adopting the average of their pre-meeting beliefs. "Forceful" agents influence the beliefs of (some...
Persistent link: https://www.econbiz.de/10008865832