Partial Bandwagon Effects and Local Interactions


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ALÓS-FERRER, Carlos, Simon WEIDENHOLZER, 2007. Partial Bandwagon Effects and Local Interactions. In: Games and Economic Behavior. 61(2), pp. 179-197. Available under: doi: 10.1016/j.geb.2007.01.007

@article{AlosFerrer2007Parti-1796, title={Partial Bandwagon Effects and Local Interactions}, year={2007}, doi={10.1016/j.geb.2007.01.007}, number={2}, volume={61}, journal={Games and Economic Behavior}, pages={179--197}, author={Alós-Ferrer, Carlos and Weidenholzer, Simon} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dc:creator>Weidenholzer, Simon</dc:creator> <dspace:isPartOfCollection rdf:resource=""/> <dc:contributor>Weidenholzer, Simon</dc:contributor> <dcterms:available rdf:datatype="">2011-03-23T09:35:59Z</dcterms:available> <dcterms:rights rdf:resource=""/> <dc:rights>terms-of-use</dc:rights> <dc:contributor>Alós-Ferrer, Carlos</dc:contributor> <dcterms:bibliographicCitation>Games and Economic Behavior ; 61 (2007), 2. - S. 179-197</dcterms:bibliographicCitation> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dc:date rdf:datatype="">2011-03-23T09:35:59Z</dc:date> <dcterms:isPartOf rdf:resource=""/> <dcterms:abstract xml:lang="eng">We consider partial bandwagon properties in the context of coordination games to capture the idea of weak network externalities. We then study a local interactions model where agents play a coordination game following a noisy best-reply process. We show that globally pairwise risk dominant strategies are selected in arbitrary 3×3 coordination games, but not necessarily in larger games. A comparison with the global interactions benchmark shows that the nature of interactions might alter the long-run results themselves, and not only the speed of convergence. We also illustrate that the simultaneous coexistence of conventions is possible for games with at least 5 strategies.</dcterms:abstract> <dcterms:issued>2007</dcterms:issued> <bibo:uri rdf:resource=""/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dc:language>eng</dc:language> <dcterms:title>Partial Bandwagon Effects and Local Interactions</dcterms:title> <dc:creator>Alós-Ferrer, Carlos</dc:creator> </rdf:Description> </rdf:RDF>

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