Article ID Journal Published Year Pages File Type
5072114 Games and Economic Behavior 2012 23 Pages PDF
Abstract
► We test the effect of network structures when investments are strategic substitutes. ► In the experiment individuals are mostly able to coordinate on equilibria. ► Coordination depends on the network structure. ► The network structure seems to dominate individual effects pertaining to risk taking. ► Theoretical results with respect to welfare are also confirmed.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Network structure and strategic investments: An experimental analysis
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