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Coordination Games with Communication Costs in Network Environments

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Języki publikacji
EN
Abstrakty
EN
In this paper, we deal with a coordination game in a network where a player can choose both an action of the game and partners for playing the game. In particular, a player interacts with players connecting through a path consisting of multiple links as well as with players directly connecting by a single link. We represent decay or friction of payoffs with distance as communication costs, and examine the effect of the communication cost on behavior of players in the game and network formation. We investigate properties of equilibrium networks by classifying the link cost and the communication cost, and show diversity of the equilibrium networks.
Rocznik
Tom
Strony
88--98
Opis fizyczny
Bibliogr. 14 poz., rys., tab.
Twórcy
autor
autor
autor
  • Department of Electrical, Systems, and Mathematical Engineering, Faculty of Engineering, Hiroshima University, 1-4-1, Kagamayama, Higashi-Hiroshima, 739-8527, Japan, nisizaki@hiroshima-u.ac.jp
Bibliografia
  • [1] M. O. Jackson and A. Watts, “On the formation of interaction networks in social coordination games”, Games Econom. Behav., vol. 41, pp. 265–291, 2002.
  • [2] S. Goyal and F. Vega-Redondo, “Network formation and social coordination”, Games Econom. Behav., vol. 50, pp. 178–20, 2005.
  • [3] D. A. Hojman and A. Szeidl, “Endogenous networks, social games, and evolution”, Games Econom. Behav., vol. 55, pp. 112–130, 2006.
  • [4] M. Kandori, G. J. Mailath, and R. Rob, “Learning, mutation, and long run equilibria in games”, Econometrica, vol. 61, pp. 29–56, 1993.
  • [5] H. P. Young, “The evolution of conventions”, Econometrica, vol. 61, pp. 57–84, 1993.
  • [6] G. Ellison, “Learning, local interaction, and coordination”, Econometrica, vol. 61, pp. 1047–1071, 1993.
  • [7] E. Droste, R. P. Gilles, and C. Johnson, “Evolution of conventions in endogenous social networks”, 2004 [Mimeo].
  • [8] G. Fagiolo, “Endogenous neighborhood formation in a local coordination model with negative network externalities”, J. Econom. Dynam. Contr., vol. 29, pp. 297–319, 2005.
  • [9] J. Oechssler, “Competition among conventions”, Computat. Mathem. Organiz. Theor., vol. 5, pp. 31–44, 1999.
  • [10] J. C. Ely, “Local conventions”, Adv. Theor. Econom., vol. 2, pp. 1–30, 2002.
  • [11] V. Bhaskar and F. Vega-Redondo, “Migration and the evolution of conventions”, J. Econom. Behav. Organiz., vol. 55, pp. 397–418, 2004.
  • [12] M. O. Jackson and A. Wolinsky, “A strategic model of social and economic networks”, J. Econom. Theor., vol. 71, pp. 44–74, 1996.
  • [13] V. Bala and S. Goyal, “A noncooperative model of network formation”, Econometrica, vol. 68, pp. 1181–1229, 2000.
  • [14] C. Kim and K. Wong, “Network formation and stable equilibrium”, J. Econom. Theor., vol. 133, pp. 536–549, 2007.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-article-BAT8-0019-0020
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