Showing 121 - 130 of 117,666
Two project leaders (or entrepreneurs) in a network, which captures social relations, recruit players in a strategic … selects one equilibrium at a time. An agent's expected payoff is related to his position in the network, though no centrality …
Persistent link: https://www.econbiz.de/10013157465
of a network – applying the Public Good Index (PGI) and the Public Value (PV) –, reinterprets previous work by Holler and … distribution within a network. Here, our focus is on the accountability of the agents – and the Smart City concept …
Persistent link: https://www.econbiz.de/10012834345
The Lightning Network is a decentralized payment network built on top of a block-chain, in which intermediary nodes … provide a trust-less routing service for end users. We provide an overview of the current state of the network and show that … strategically on the network. Those strategic interactions between nodes can be described by a Bertrand competition model with …
Persistent link: https://www.econbiz.de/10012841253
We study a coordination game among agents on a network, who choose whether or not to take an action in an uncertain … coordination set if and only if the network is balanced, i.e., the average degree of each subnetwork is no larger than the average … degree of the network. Comparative statics exercises as well as welfare properties are investigated. In particular, we show …
Persistent link: https://www.econbiz.de/10012900481
I look at the equilibrium effects of homophily in network formation games having positive externalities. I show that … very weak preferences for network effects (such as preference for being part of a clique) may result in very high levels of … homophily at equilibrium. I present an empirical procedure that allows an evaluation of the role of network effects on the …
Persistent link: https://www.econbiz.de/10012909699
knowledge production, where collaboration between researchers is represented by a bipartite network. The equilibrium of the game … analyzing the co-authorship network of economists registered in the RePEc Author Service …
Persistent link: https://www.econbiz.de/10012823641
agents are myopic best responders. We develop a new network measure, the contagion threshold, that determines when a p … show that a p-dominant action spreads to the whole network whenever the contagion threshold of that network is greater or … the long run. This result implies that targeted contagion, a network-wide diffusion of actions initiated by targeting …
Persistent link: https://www.econbiz.de/10012850318
We study the problem of a planner designing a weighted and directed network to achieve her objectives subject to an … organizational resource constraint. The network determines the complementarities between agents and, hence, their equilibrium effort … agents are ex ante identical and the planner has egalitarian concerns. In a noncooperative network formation game, we show …
Persistent link: https://www.econbiz.de/10012850677
are not bounded away from zero and the network is sufficiently connected and has identifiable information paths. If search … as in the complete network. The density of indirect connections affects convergence rates. Network transparency has short …
Persistent link: https://www.econbiz.de/10012852060
We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays “fat” tails, extreme segmentation into small components is optimal, while minimal...
Persistent link: https://www.econbiz.de/10013055377