Journal articles
Network games under strategic complementarities
Abstract : We study network games under strategic complementarities. Agents are embedded in a fixed network. They choose a positive, continuous action and interact with their network neighbors. Interactions are positive and actions are bounded from above. We first derive new sufficient conditions for uniqueness, covering all concave as well as some non-concave best responses. We then study the relationship between position and action and identify situations where a more central agent always plays a higher action in equilibrium. We finally analyze comparative statics. We show that a shock may not propagate throughout the entire network and uncover a general pattern of decreasing interdependence.
https://hal-amu.archives-ouvertes.fr/hal-01474250
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Thursday, November 29, 2018 - 1:16:49 PM
Last modification on : Wednesday, March 23, 2022 - 3:50:28 PM
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Thursday, November 29, 2018 - 1:16:49 PM
Last modification on : Wednesday, March 23, 2022 - 3:50:28 PM
File
1-s2.0-S0899825614001535-main_...
Publication funded by an institution
Licence
Distributed under a Creative Commons Attribution 4.0 International License