Networks Structure, Equilibria, and Adjustment Dynamics in Network Games with Nonhomogeneous Players
Abstract
In this paper, we consider the following problem - what affects the Nash equilibrium amount of investment in knowledge when some agents of the complete graph enter another full one. The solution of this problem will allow us to understand exactly how game agents will behave when deciding whether to enter the other net, what conditions and externalities affect it and how the level of future equilibrium amount of investments in knowledge can be predicted.
Keywords:
network, network game, Nash equilibrium, externality, productivity, innovation cluster
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Articles of "Contributions to Game Theory and Management" are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.