Arbeitspapier
What goes around comes around: A theory of indirect reciprocity in networks
We consider strategic interaction on a network of heterogeneous long-term relationships. The bilateral relationships are independent of each other in terms of actions and realized payoffs, and we assume that information regarding outcomes is private to the two parties involved. In spite of this, the network can induce strategic interdependencies between relationships, which facilitate efficient outcomes. We derive necessary and sufficient conditions that characterize efficient equilibria of the network game in terms of the architecture of the underlying network, and interpret these structural conditions in light of empirical regularities observed in many social and economic networks.
- Sprache
-
Englisch
- Erschienen in
-
Series: CAE Working Paper ; No. 09-07
- Klassifikation
-
Wirtschaft
Network Formation and Analysis: Theory
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Asymmetric and Private Information; Mechanism Design
- Thema
-
network enforcement
private monitoring
small-worlds
triadic closure
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mihm, Maximilian
Toth, Russell
Lang, Corey
- Ereignis
-
Veröffentlichung
- (wer)
-
Cornell University, Center for Analytical Economics (CAE)
- (wo)
-
Ithaca, NY
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Mihm, Maximilian
- Toth, Russell
- Lang, Corey
- Cornell University, Center for Analytical Economics (CAE)
Entstanden
- 2009
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