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Supporting others and the evolution of influence

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  • Barberá, Salvador
  • Perea, Andrés

Abstract

In this paper we study environments in which agents can transfer influence to others by supporting them. When planning whom to support, they should take into account the future effect of this, since the receiving agent might use this influence to support others in the future. We show that in the presence of a finite horizon there is an essentially unique optimal support behavior which can be characterized in terms of associated value functions. The analysis of these value functions allows us to derive qualitative properties of optimal support strategies under different specific environments and to explicitly compute the optimal support behavior in some numerical examples. We also investigate the case of an infinite horizon. Examples show that multiple equilibria may appear in this setting, some of wich sustaining a degree of cooperation that would not be possible under a finite horizon.

Suggested Citation

  • Barberá, Salvador & Perea, Andrés, 1999. "Supporting others and the evolution of influence," UC3M Working papers. Economics 6171, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:6171
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    Cited by:

    1. is not listed on IDEAS
    2. Gustavo Bergantiños & Jordi Massó & Alejandro Neme, 2018. "On societies choosing social outcomes, and their memberships: internal stability and consistency," Theory and Decision, Springer, vol. 84(1), pages 83-97, January.
    3. Dolors Berga & Alejandro Neme & Jordi Massó & Gustavo Bergantiños, 2008. "On two basic properties of equilibria of voting with exit," Economics Bulletin, AccessEcon, vol. 4(21), pages 1-9.
    4. Barberá, Salvador, 2003. "Designing Decisions Rules for Transnational Infrastructure Projects," IDB Publications (Working Papers) 3200, Inter-American Development Bank.

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