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  • 1
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    Innsbruck: University of Innsbruck, Department of Public Finance
    Publication Date: 2018-11-23
    Description: This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network formation by means of stochastic stability techniques. We find that both the link cost and the trade-off between efficiency and risk-dominance play a crucial role in the long-run behavior of the system.
    Keywords: C72 ; C73 ; D83 ; D85 ; ddc:330 ; Coordination ; Networks ; Risk dominance ; stochastic stability ; Koordination ; Soziales Netzwerk ; Stochastischer Prozess ; Nichtkooperatives Spiel ; Evolutionäre Spieltheorie ; Theorie
    Language: English
    Type: doc-type:workingPaper
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  • 2
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    Evanston, IL: Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
    Publication Date: 2020-05-15
    Description: We present a model of participation in elections in small networks, in which citizens suþer from cross-pressures if voting against the alternative preferred by some of their social contacts. We analyze how the existence of cross-pressures may shape voting decisions, and so, political outcomes; and how candidates may exploit this eþect to their interest.
    Keywords: D72 ; ddc:330 ; Network ; voting ; cross-cutting ; Wahlverhalten ; Soziales Verhalten ; Soziales Netzwerk ; Gleichgewicht ; Nichtkooperatives Spiel ; Theorie
    Language: English
    Type: doc-type:workingPaper
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