Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10480309 | Mathematical Social Sciences | 2013 | 12 Pages |
Abstract
This paper considers one-way flow network formation games in which transmission through a series of agents is subject to decay. We analyze the myopic best-response dynamics of network formation games, occasionally perturbed by state-dependent random noises. Specifically, if an agent is isolated or has a direct neighbor who is better paid, it is more likely that the agent will make mistakes. Our main result identifies that only empty and wheel networks are candidates for long-term outcomes.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Zhiwei Cui, Shouyang Wang, Jin Zhang, Lei Zu,