Game Equilibria and Transition Dynamics in Triregular Networks

Authors

  • Vladimir Matveenko National Research University Higher School of Economics
  • Maria Garmash National Research University Higher School of Economics
  • Alexei Korolev National Research University Higher School of Economics

Abstract

We study game equilibria in a model of production and externalities in regular network with three 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 stage depends on her own investment and productivity as well as on the investments of her neighbors in the network. We introduce adjustment dynamics described by differential equations. We study which equilibria are possible, and which of these equilidria are dynamically stable under different combinations of parameters of the game.

Keywords:

network, game equilibrium, heterogeneous agents, network formation, productivity

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Published

2022-04-10

How to Cite

Matveenko, V., Garmash, M., & Korolev, A. (2022). Game Equilibria and Transition Dynamics in Triregular Networks. Contributions to Game Theory and Management, 11. Retrieved from https://gametheory.spbu.ru/article/view/13230

Issue

Vol. 11 (2018)

Section

Articles

License

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.