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Regular version of the site

Book chapter

Chapter 10 Game Equilibria and Transition Dynamics in Networks with Heterogeneous Agents

P. 165-188.
Vladimir Matveenko, Maria Garmash, Alexei Korolev.

We study game equilibria in a model of production and externalities
in network with two types of agents who possess different productivities. Each
agent may invest a part of her endowment (for instance, time or money) at the
first stage; consumption at the second period depends on her own investment and
productivity as well as on the investments of her neighbors in the network. Three
ways of agent’s behavior are possible: passive (no investment), active (a part of
endowment is invested) and hyperactive (the whole endowment is invested). We
introduce adjustment dynamics and study consequences of junction of two regular
networks with different productivities of agents. In particular, we study how the
behavior of nonadopters (passive agents) changes when they connect to adopters
(active or hyperactive) agents.











In book

Birkhauser/Springer, 2018.