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Game Equilibria and Transition Dynamics in Networks with Heterogeneous Agents

  • Vladimir MatveenkoEmail author
  • Maria Garmash
  • Alexei Korolev
Chapter
Part of the Static & Dynamic Game Theory: Foundations & Applications book series (SDGTFA)

Abstract

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.

Notes

Acknowledgements

The research is supported by the Russian Foundation for Basic Research (project 17-06-00618). The authors are grateful to two anonymous referees for valuable comments.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Vladimir Matveenko
    • 1
    Email author
  • Maria Garmash
    • 1
  • Alexei Korolev
    • 1
  1. 1.National Research University Higher School of EconomicsSt. PetersburgRussia

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