Network Formation And Anti-Coordination Games
We study a setting in which individual players choose their partners as well as a mode of behavior in 2 x 2 anti-coordination games -- games where a player's best response is to behave differently than the opponent. We characterize the nature of equilibrium networks as well as study the effects of network structure on individual behavior. Our analysis shows that both the network architecture and the induced behavior are crucially dependent on the value of the cost of forming links. In general, the equilibrium configurations are found to be neither unique nor efficient. This conclusion continues to hold if the population game is embedded in a standard evolutionary model of learning, since all equilibria turn out to be stochastically stable.
|Date of creation:||Dec 2002|
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- Jackson, Matthew O. & Watts, Alison, 2002.
"On the formation of interaction networks in social coordination games,"
Games and Economic Behavior,
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"Learning, Network Formation and Coordination,"
Econometric Institute Research Papers
EI 9954-/A, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Sanjeev Goyal & Fernando Vega-Redondo, 2000. "Learning, Network Formation and Coordination," Econometric Society World Congress 2000 Contributed Papers 0113, Econometric Society.
- Fernando Vega Redondo & Sanjeev Goyal, 2001. "Learning, Network Formation And Coordination," Working Papers. Serie AD 2001-19, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
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Levine's Working Paper Archive
500, David K. Levine.
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- Samuelson Larry, 1994. "Stochastic Stability in Games with Alternative Best Replies," Journal of Economic Theory, Elsevier, vol. 64(1), pages 35-65, October.
- Dutta, B. & van den Nouweland, C.G.A.M. & Tijs, S.H., 1998.
"Link formation in cooperative situations,"
Other publications TiSEM
fb302bdf-f6ab-4909-99d5-5, Tilburg University, School of Economics and Management.
- Dutta, B. & van den Nouweland, C.G.A.M. & Tijs, S.H., 1995. "Link formation in cooperative situations," Discussion Paper 1995-35, Tilburg University, Center for Economic Research.
- Dutta, B. & van den Nouweland, C.G.A.M. & Tijs, S.H., 2003. "Link formation in cooperative situations," Other publications TiSEM 840ac1d0-9e23-41a7-832e-8, Tilburg University, School of Economics and Management.
- Glen Ellison, 2010.
"Learning, Local Interaction, and Coordination,"
Levine's Working Paper Archive
391, David K. Levine.
- Aderlini, L. & Ianni, A., 1993.
"Path Dependence and Learning from Neighbours,"
186, Cambridge - Risk, Information & Quantity Signals.
- Rachel E. Kranton & Deborah F. Minehart, 2001. "A Theory of Buyer-Seller Networks," American Economic Review, American Economic Association, vol. 91(3), pages 485-508, June.
- Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
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