In this paper, we study the consensus problem of multiple agents on a kind of famous graph, Peterson graph. It is an undirected graph with 10 vertices and 15 edges. Each agent randomly walks on this graph and communicates with each other if and only if they coincide on a node at the same time. We conduct numerical study on the consensus problem in this framework and show that global consensus c...

This experimental study examines whether the content of information and the timing of its dissemination affects firms’ market power. We construct laboratory markets that capture the key features of a price-setting, differentiated goods, duopoly model analyzed by Anderson and Renault (2000). Consumers must typically incur a search cost in order to obtain any information, but a fraction of the co...