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. We show the existence and payoff-uniqueness of optimal farsighted strategies in every network structure. In the long run … for every network if the starting state is unfavorable, and reaches it for every starting state if the farsighted player … attain in a given network and make comparative statics with respect to adding a new link. The farsighted player always …
Persistent link: https://www.econbiz.de/10012862569
own experimentation, so total information decreases with network density; we determine density thresholds below which … agents asymptotically learn the state. In contrast, agent welfare is single-peaked in network density, and achieves a second …
Persistent link: https://www.econbiz.de/10014237255
By design, the Bitcoin protocol has a low throughput. The Lightning Network (LN) is a layer-two solution built to …
Persistent link: https://www.econbiz.de/10014354893
We study fundamental properties of monotone network enterprises which contain public vertices and have positive and …
Persistent link: https://www.econbiz.de/10014206480
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010275834
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010320417
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … network or only on the link itself. A final aspect is whether or not players can pay other players to refrain from forming … related either to accounting for a specific type of externality, or to dealing with the combinatorial nature of network …
Persistent link: https://www.econbiz.de/10011324957
paper continues on the work of Galeotti, Goyal and Kamphorst (2003). In their paper they investigate a model of network …
Persistent link: https://www.econbiz.de/10011334857
In this paper, we propose a game in which each player decides with whom to establish a costly connection and how much local public good is provided when benefits are shared among neighbors. We show that, when agents are homogeneous, Nash equilibrium networks are nested split graphs....
Persistent link: https://www.econbiz.de/10012591497
We consider the dynamic network formation problem under the requirement that the whole network be connected and remain …
Persistent link: https://www.econbiz.de/10012432345