Searching for "Stars" - Recent Experimental Results on Network Formation -
Berninghaus, Siegfried K.
Inspired by the theoretical results on network formation by Bala and Goyal (2000) and experimental evidence by Plott and Callander (2002) and Falk and Kosfeld (2003) we design network formation experiments in discrete and continuous time. Particularly in the continuous time experiment, we observe that many groups not only reach a strict Nash network but also switch to other strict Nash networks during the course of time. Strict Nash networks, therefore, prove to be a good indicator for predicting network formation. In explaining our results, we highlight the role of the complexity of network structures, of inequity aversion, and the players� activity levels as most important determinants for forming strict Nash networks.
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