Graph Formation Effects on Social Welfare and Inequality in a Networked Resource Game

نویسندگان

  • Zhuoshu Li
  • Yu-Han Chang
  • Rajiv T. Maheswaran
چکیده

We introduce the Networked Resource Game, a graphical game where players’ actions are a set of resources that they can apply over links in a graph to form partnerships that yield rewards. This introduces a new constraint on actions over multiple links. We investigate several network formation algorithms and find bilateral coalition-proof equilibria for these games. We analyze the outcomes in terms of social welfare and inequality, as measured by the Gini coefficient, and show how graph formation affects these aspects of a networked economy.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Impact of Social Network Structure on Social Welfare and Inequality

In this chapter, how the structure of a network can affect the social welfare and inequality (measured by the Gini coefficient) are investigated based on a graphical game model which is referred to as the Networked Resource Game (NRG). For the network structure, the Erdos-Renyi model, the preferential attachment model, and several other network structure models are implemented and compared to s...

متن کامل

Evolutionary Game of Labor Division in a Perfectly Competitive Economy

This paper inspects the coordination of individuals’ decisions on specialization and the determination of labor division in a large competitive economy from a perspective of evolutionary game theory. It is shown that the equilibrium structure of labor division defined by new classical economics is in fact an evolutionarily stable state. In an evolutionary economic environment where the law of “...

متن کامل

Welfare Impacts of Imposing a Tariff on Rice in Iran vs an Export Tax in Thailand: A Game Theoretic Approach

In this study, the social welfare impacts of the interaction of Iranian rice import policies and Thai export policies are analyzed using a game theoretic approach in conjunction with econometric supply and demand models. The joint impacts of increasing the world price of rice, resulting from the export policies in Thailand along with changes in tariff rates in Iran, on social welfare are analyz...

متن کامل

Socially Rational Models for Autonomous Agents

Autonomous multi-agent systems that are to coordinate must be designed according to models that accommodate such complex social behavior as compromise, negotiation, and altruism. In contrast to individually rational models, where each agent seeks to maximize its own welfare without regard for others, socially rational agents have interests beyond themselves. Such models require a new type of ut...

متن کامل

Intermediate Levels of Network Fluidity Amplify Economic Growth andMitigate Economic Inequality in Experimental Social Networks

Social connections are mutable. Prior experimental work has shown that circumstances fostering an intermediate rate of forming and breaking social ties (“network fluidity”) facilitate the maintenance of optimal levels of cooperation in experimental social networks. Previous observational work has also suggested a relationship between economic outcomes and network structure (measured statically)...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2013