Constrained Interactions and Social Coordination
AbstractWe consider a co-evolutionary model of social coordination and network formation whereagents may decide on an action in a 2 x 2- coordination game and on whom to establish costly links to. We find that a payoff dominant convention is selected for a wider parameter range when agents may only support a limited number of links as compared to a scenario where agents are not constrained in their linking choice. The main reason behind this result is that constrained interactions create a tradeoff between the interactions an agent has and those he would rather have. Further, we discuss convex linking costs and provide suffcient conditions for the payoff dominant convention to be selected in mxm coordination games.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Vienna, Department of Economics in its series Vienna Economics Papers with number 1004.
Date of creation: Mar 2010
Date of revision:
Contact details of provider:
Web page: http://www.univie.ac.at/vwl
Other versions of this item:
- Mathias Staudigl & Simon Weidenholzer, 2014. "Constrained Interactions and Social Coordination," Economics Discussion Papers 747, University of Essex, Department of Economics.
- Staudigl, Mathias & Weidenholzer, Simon, 2013. "Constrained Interactions and Social Coordination," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79822, Verein für Socialpolitik / German Economic Association.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-04 (All new papers)
- NEP-EVO-2010-04-04 (Evolutionary Economics)
- NEP-GTH-2010-04-04 (Game Theory)
- NEP-SOC-2010-04-04 (Social Norms & Social Capital)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dutta, Bhaskar & Jackson, Matthew O. & Breton, Michel Le, 2002.
"Equilibrium Agenda Formation,"
The Warwick Economics Research Paper Series (TWERPS)
628, University of Warwick, Department of Economics.
- Jackson, Matthew O. & Dutta, Bhaskar & Le Breton, Michele, 2002. "Equilibrium Agenda Formation," Working Papers 1152, California Institute of Technology, Division of the Humanities and Social Sciences.
- Bhaskar Dutta & Matthew O. Jackson & Michel Le Breton, 2002. "Equilibrium Agenda Formation," Microeconomics 0211010, EconWPA.
- Sanjeev Goyal & Fernando Vega-Redondo, 2003.
"Network Formation and Social Coordination,"
481, Queen Mary, University of London, School of Economics and Finance.
- Ellison, Glenn, 1993.
"Learning, Local Interaction, and Coordination,"
Econometric Society, vol. 61(5), pages 1047-71, September.
- Sanjeev Goyal & Marco van der Leij & José Luis Moraga Gonzales, 2004.
"Economics: An Emerging Small World?,"
CESifo Working Paper Series
1287, CESifo Group Munich.
- Sanjeev Goyal & Marco van der Leij & Jose Luis Moraga, 2004. "Economics: An Emerging Small World?," Tinbergen Institute Discussion Papers 04-001/1, Tinbergen Institute.
- Sanjeev Goyal & Marco van der Leij & José Luis Moraga-Gonzàlez, 2004. "Economics: An Emerging Small World?," Working Papers 2004.84, Fondazione Eni Enrico Mattei.
- Hojman, Daniel & Szeidl, Adam, 2006. "Core and Periphery in Endogenous Networks," Working Paper Series rwp06-022, Harvard University, John F. Kennedy School of Government.
- M. Kandori & G. Mailath & R. Rob, 1999.
"Learning, Mutation and Long Run Equilibria in Games,"
Levine's Working Paper Archive
500, David K. Levine.
- Kandori, Michihiro & Mailath, George J & Rob, Rafael, 1993. "Learning, Mutation, and Long Run Equilibria in Games," Econometrica, Econometric Society, vol. 61(1), pages 29-56, January.
- Kandori, M. & Mailath, G.J., 1991. "Learning, Mutation, And Long Run Equilibria In Games," Papers 71, Princeton, Woodrow Wilson School - John M. Olin Program.
- Ahmed Anwar, 2004.
"On the Co-Existence of Conventions,"
ESE Discussion Papers
68, Edinburgh School of Economics, University of Edinburgh.
- M. Kandori & R. Rob, 2010.
"Evolution of Equilibria in the Long Run: A General Theory and Applications,"
Levine's Working Paper Archive
502, David K. Levine.
- Kandori Michihiro & Rob Rafael, 1995. "Evolution of Equilibria in the Long Run: A General Theory and Applications," Journal of Economic Theory, Elsevier, vol. 65(2), pages 383-414, April.
- Watts, Alison, 2002. "Non-myopic formation of circle networks," Economics Letters, Elsevier, vol. 74(2), pages 277-282, January.
- Mathias Staudigl, 2010.
"Potential games in volatile environments,"
Vienna Economics Papers
1002, University of Vienna, Department of Economics.
- Eshel, Ilan & Samuelson, Larry & Shaked, Avner, 1998. "Altruists, Egoists, and Hooligans in a Local Interaction Model," American Economic Review, American Economic Association, vol. 88(1), pages 157-79, March.
- Joerg Oechssler, 1994.
"Decentralization and the Coordination Problem,"
Game Theory and Information
- Fernando Vega Redondo & Ventakamaran Bhaskar, 1996.
"Migration and the evolution of conventions,"
Working Papers. Serie AD
1996-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Venkatesh Bala & Sanjeev Goyal, 2000. "A Noncooperative Model of Network Formation," Econometrica, Econometric Society, vol. 68(5), pages 1181-1230, September.
- Sandholm, William H., 1998. "Simple and clever decision rules for a model of evolution," Economics Letters, Elsevier, vol. 61(2), pages 165-170, November.
- Hojman, Daniel A. & Szeidl, Adam, 2006. "Endogenous networks, social games, and evolution," Games and Economic Behavior, Elsevier, vol. 55(1), pages 112-130, April.
- John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
- Dieckmann, Tone, 1999. "The evolution of conventions with mobile players," Journal of Economic Behavior & Organization, Elsevier, vol. 38(1), pages 93-111, January.
- Simon Weidenholzer, 2010. "Coordination Games and Local Interactions: A Survey of the Game Theoretic Literature," Games, MDPI, Open Access Journal, vol. 1(4), pages 551-585, November.
- Boncinelli, Leonardo & Pin, Paolo, 2014. "Efficiency and Stability in a Process of Teams Formation," MPRA Paper 56356, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Paper Administrator).
If references are entirely missing, you can add them using this form.