| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8757 |
| DP8757 The Strategic Formation of Networks: Experimental Evidence | |
| Juan Carrillo; Arya Gaduh | |
| 发表日期 | 2012 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We use a laboratory experiment to explore dynamic network formation in a six-player game where link creation requires mutual consent. The analysis of network outcomes suggests that the process tends to converge to the pairwise-stable (PWS) equilibrium when it exists and not to converge at all when it does not. When multiple PWS equilibria exist, subjects tend to coordinate on the high-payoff one. The analysis at the single choice level indicates that the percentage of myopically rational behavior is generally high. Deviations are more prevalent when actions are reversible, when marginal payoff losses are smaller and when deviations involve excessive links that can be removed unilaterally later on. There is, however, some heterogeneity across subjects. |
| 主题 | Industrial Organization ; Public Economics |
| 关键词 | Laboratory experiments Myopic rationality Pairwise stable equilibria Social Networks |
| URL | https://cepr.org/publications/dp8757 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537593 |
| 推荐引用方式 GB/T 7714 | Juan Carrillo,Arya Gaduh. DP8757 The Strategic Formation of Networks: Experimental Evidence. 2012. |
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