Showing 31 - 40 of 29,472
Suppose markets and firms are connected in a bi-partite network, where firms can only supply to the markets they are connected to. Firms compete a la Cournot and decide how much to supply to each market they have a link with. We assume that markets have linear demand functions and firms have...
Persistent link: https://www.econbiz.de/10014205788
A tragedy of the commons appears when the users of a common resource have incentives to exploit it more than the socially efficient level. We analyze the situation when the tragedy of the commons is embedded in a network of users and sources. Users play a game of extractions, where they decide...
Persistent link: https://www.econbiz.de/10014219023
are unlikely to emerge in a homogeneous population. The homophily index, a measure of segregation in networks with … a stochastic best response dynamic. Numerical simulations based on a variety of networks confirm that the approximate …
Persistent link: https://www.econbiz.de/10014158865
Most network games assume that the best response of a player is a linear function of the actions of her neighbors; clearly, this is a restrictive assumption. We developed a theory called sign-equivalent transformation (SET) underlying the mathematical structure behind a system of equations...
Persistent link: https://www.econbiz.de/10014076777
, pairwise-Nash and proper equilibrium networks coincide, where pairwise stable networks are robust to one-link deviations, while … pairwise-Nash networks are robust to one-link creation but multi-link severance. Under these conditions, proper equilibria in …
Persistent link: https://www.econbiz.de/10014066536
We prove that for generic network formation games where players incur some strictly positive cost to propose links the number of Nash equilibria is finite. Furthermore all Nash equilibria are regular and, therefore, stable sets
Persistent link: https://www.econbiz.de/10014206986
We prove that for generic network-formation games where players incur some strictly positive cost to propose links the number of Nash equilibria is finite. Furthermore all Nash equilibria are regular and, therefore, stable sets.
Persistent link: https://www.econbiz.de/10005004029
In many economic situations, a player pursues coordination or anti-coordination with her neighbors on a network, but she also has intrinsic preferences among the available options. We here introduce a model which allows to analyze this issue by means of a simple framework in which players...
Persistent link: https://www.econbiz.de/10011049725
This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity … two assumptions influence important properties of Strict Nash networks. Built upon the findings of Billand et al (2011 … the shapes of Strict Nash networks. …
Persistent link: https://www.econbiz.de/10011307287
patient players, we provide a complete characterization of non-singularly pairwise (Nash) stable networks: specific disjoint … stable and efficient networks coincide whereas this does not hold if costs are low or at an intermediate level. As a …
Persistent link: https://www.econbiz.de/10011348263