Artikel
Competition and networks of collaboration
I develop a model of collaboration between tournament participants in which agents collaborate in pairs, and an endogenous structure of collaboration is represented by a weighted network. The agents are forward-looking and capable of coordination; they value collaboration with others and higher tournament rankings. I use von Neumann-Morgenstern stable sets as a solution. I find stable networks in which agents collaborate only within exclusive groups. Both an absence of intergroup collaboration and excessive intragroup collaboration lead to inefficiency. I provide a necessary and sufficient condition for the stability of efficient outcomes in winner-takes-all tournaments. I show that the use of transfers does not repair efficiency.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 13 ; Year: 2018 ; Issue: 3 ; Pages: 1077-1110 ; New Haven, CT: The Econometric Society
- Klassifikation
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Wirtschaft
Network Formation and Analysis: Theory
Cooperative Games
- Thema
-
Network
collaboration
farsighted agent
stable set
tournament
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Roketskiy, Nikita
- Ereignis
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Veröffentlichung
- (wer)
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The Econometric Society
- (wo)
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New Haven, CT
- (wann)
-
2018
- DOI
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doi:10.3982/TE2492
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Artikel
Beteiligte
- Roketskiy, Nikita
- The Econometric Society
Entstanden
- 2018
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