Norms and the evolution of leaders' followership

B-Tier
Journal: Games and Economic Behavior
Year: 2024
Volume: 148
Issue: C
Pages: 138-161

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

In this paper, we model the interaction between leaders, their followers and crowd followers in a coordination game with local interaction. The steady states of a dynamic best-response process can feature a coexistence of Pareto-dominant and risk-dominant actions in the population. The existence of leaders and their followers, along with the local interaction, which leads to clustering, is crucial for the survival of the Pareto-dominant actions. The evolution of leader and crowd followership shows that leader followership can also be locally stable around Pareto-dominant leaders. The paper answers the questions of which leader should be removed and how to optimally place leaders in the network to enhance payoff-dominant play.

Technical Details

RePEc Handle
repec:eee:gamebe:v:148:y:2024:i:c:p:138-161
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25