Waiting for my neighbors

A-Tier
Journal: RAND Journal of Economics
Year: 2021
Volume: 52
Issue: 2
Pages: 251-282

Authors (3)

Sidartha Gordon (not in RePEc) Emeric Henry (Sciences Po) Pauli Murto (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We introduce a neighborhood structure in a waiting game, where the payoff of stopping increases when neighbors stop. We show that the dynamic evolution of the network can take the form of either a shrinking network, where players at the edges stop first, or a fragmenting network where interior players do. In addition to the coordination inefficiency standard in waiting games, the neighborhood structure gives rise to an additional inefficiency linked to the order in which players stop. We discuss an application to technology adoption in networks.

Technical Details

RePEc Handle
repec:bla:randje:v:52:y:2021:i:2:p:251-282
Journal Field
Industrial Organization
Author Count
3
Added to Database
2026-02-02