no code implementations • 28 Aug 2023 • Krishna Dasaratha, Benjamin Golub, Anant Shah
A group of agents each exert effort to produce a joint output, with the complementarities between their efforts represented by a (weighted) network.
no code implementations • 12 Feb 2023 • Benjamin Golub, Yu-Chi Hsieh, Evan Sadler
114:1-10) studies a model in which a network is strategically formed and then agents play a linear best-response investment game in it.
no code implementations • 21 Jan 2023 • Matthew Elliott, Benjamin Golub, Matthieu V. Leduc
Complex organizations accomplish tasks through many steps of collaboration among workers.
no code implementations • 15 Dec 2021 • Andrea Galeotti, Benjamin Golub, Sanjeev Goyal, Eduard Talamàs, Omer Tamuz
The Pigouvian leverage of the system -- the gain in consumer surplus achievable by an optimal tax scheme -- depends only on the dispersion of the eigenvalues of the matrix of strategic interactions.
no code implementations • 9 Jul 2021 • Matthew Elliott, Benjamin Golub
Suppose agents can exert costly effort that creates nonrival, heterogeneous benefits for each other.
no code implementations • 2 Feb 2021 • Evan Sadler, Benjamin Golub
We study network games in which players choose both the partners with whom they associate and an action level (e. g., effort) that creates spillovers for those partners.
no code implementations • 29 Sep 2020 • Benjamin Golub, Stephen Morris
In coordination games and speculative over-the-counter financial markets, solutions depend on higher-order average expectations: agents' expectations about what counterparties, on average, expect their counterparties to think, etc.
no code implementations • 12 Jan 2020 • Matthew Elliott, Benjamin Golub, Matthew V. Leduc
We show that supply networks of intermediate productivity are fragile in equilibrium, even though this is always inefficient.
no code implementations • 6 Jan 2018 • Krishna Dasaratha, Benjamin Golub, Nir Hak
The dynamics thus parallel those of the tractable DeGroot model of learning in networks, but arise as an equilibrium outcome rather than a behavioral assumption.