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јвтор:  Harrison Rodrigo J, Munoz Roberto
Ќазвание:  Stability and Equilibrium Selection in a Link Formation Game
—татус:  опубликовано
√од:  2003
“ип публикации:  брошюра
Ќазвание журнала или конференции:  Economics Working Paper Archive at WUSTL
Ќомер (том) журнала:  306004
ѕолна€ библиографическа€ ссылка:  Rodrigo J. Harrison, Roberto Munoz. Stability and Equilibrium Selection in a Link Formation Game // Economics Working Paper Archive at WUSTL, No 0306004, 2003
јннотаци€:  In this paper we use a non cooperative equilibrium selection approach as a notion of stability in link formation games. Specifically, we follow the global games approach first introduced by Carlsson and van Damme (1993), to study the robustness of the set of Nash equilibria for a class of link formation games in strategic form with supermodular payoff functions. Interestingly, the equilibrium selected is in conflict with those predicted by the traditional cooperative refinements. Moreover, we get a conflict between stability and efficiency even when no such conflict exists with the cooperative refinements. We discuss some practical issues that these different theoretical approaches raise in reality. The paper also provides an extension of the global game theory that can be applied beyond network literature.
ћетод моделировани€:  —етевые игры
ѕредметные области и задачи управлени€:  ћатематическа€ экономика

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