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Constrained Interactions and Social Coordination

  • Staudigl, Mathias
  • Weidenholzer, Simon

We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action in a 2x2 - coordination game and on whom to establish costly links to. We fi nd that a payo ff 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 under constrained interactions agents face a trade-off between the links they have and those they would rather have.

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File URL: https://www.econstor.eu/bitstream/10419/79822/1/VfS_2013_pid_586.pdf
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Paper provided by Verein für Socialpolitik / German Economic Association in its series Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order with number 79822.

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Date of creation: 2013
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Handle: RePEc:zbw:vfsc13:79822
Contact details of provider: Web page: http://www.socialpolitik.org/
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