Konferenzbeitrag
Social preferences on networks
We develop a model of social preferences for network games and study its predictions in a local public goods game with multiple equilibria. The key feature is that players' social preferences are heterogeneous. This gives room for disagreement between players about the "right" payoff ordering. When preferences are compatible, however, players coordinate on a refined equilibrium set. How easily the requirements for preference compatibility are met crucially depends on a property of the network structure: neighborhood nestedness. This means that equilibrium selection succeeds in small, connected structures but also in centralized networks. All predictions are confirmed in an experiment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2021: Climate Economics
- Klassifikation
-
Wirtschaft
Network Formation and Analysis: Theory
Game Theory and Bargaining Theory: General
Design of Experiments: Laboratory, Individual
Public Goods
- Thema
-
social preferences
network games
equilibrium selection
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Westbrock, Bastian
Rosenkranz, Stephanie
Rezaei, Sarah
Weitzel, Utz
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Leibniz Information Centre for Economics
- (wo)
-
Kiel, Hamburg
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Westbrock, Bastian
- Rosenkranz, Stephanie
- Rezaei, Sarah
- Weitzel, Utz
- ZBW - Leibniz Information Centre for Economics
Entstanden
- 2021
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