2011-05-01, English, Article, Journal or magazine article edition: Centralizing information in networks. Hagenbach, Jeanne

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Physical Description
  • Magazine/​Journal article
Published
  • Elsevier B.V., 2011 May
Language
  • English

Edition details

Title
  • Centralizing information in networks.
Appears In
  • Games and Economic Behavior, v.72, no.1, 2011 May, p.149(14) (ISSN: 0899-8256)
Author
  • Hagenbach, Jeanne
Published
  • Elsevier B.V., 2011 May
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Academic
Summary
  • To link to full-text access for this article, visit this link: http:/​/​dx.doi.org/​10.1016/​j.geb.2010.06.005 Byline: Jeanne Hagenbach Keywords: Communication network; Communication dilemma; Dynamic network game; Strategic communication; War of attrition Abstract: In the dynamic game we analyze, players are the members of a fixed network. Everyone is initially endowed with an information item that he is the only player to hold. Players are offered a finite number of periods to centralize the initially dispersed items in the hands of any one member of the network. In every period, each agent strategically chooses whether or not to transmit the items he holds to his neighbors in the network. The sooner all the items are gathered by any individual, the better it is for the group of players as a whole. Besides, the agent who first centralizes all the items is offered an additional reward that he keeps for himself. In this framework where information transmission is strategic and physically restricted, we provide a necessary and sufficient condition for a group to pool information items in every equilibrium. This condition is independent of the network structure. The architecture of links however affects the time needed before items are centralized in equilibrium. Author Affiliation: University of Mannheim, Germany Article History: Received 2 March 2009 Article Note: (footnote) [star] I am deeply indebted to J.-M. Tallon and F. Koessler for the advises they provided at every stage of the present work. I thank F. Bloch, N. Houy, M.O. Jackson, R. Kranton, A. Riedl, J.-C. Vergnaud and E. von Thadden for helpful comments and discussions. I also thank participants in workgroups at University Paris 1 and Stanford University as well as the audiences of Coalition Theory Network Workshops and the 2008 European Meeting of the Econometric Society.
Terms of Use
  • COPYRIGHT 2011 Elsevier B.V.
Language
  • English
Database
  • Gale Academic OneFile
Identifier
  • 253634769

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