Bandwagon effects and constrained network formation

B-Tier
Journal: Games and Economic Behavior
Year: 2022
Volume: 134
Issue: C
Pages: 37-51

Authors (2)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

We consider a model where players can actively form a limited number of links with other players to play a general class of size-dependent coordination games. This class of games includes multi-person binary action coordination games, minimum effort games, average opinion games, and others, and it is mainly characterized by strategic complementarities among actions. Whenever players may only support links to a relatively small number of other players, the most efficient convention will be selected, irrespective of the details of the size-dependent coordination games. When the linking constraint becomes less restrictive, the most efficient convention will still be selected, provided that the most efficient action delivers a relatively high output when played against a small group also using it. Furthermore, for the special case of size-dependent minimum effort games, the second most efficient convention may be selected.

Technical Details

RePEc Handle
repec:eee:gamebe:v:134:y:2022:i:c:p:37-51
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25