Idiosyncratic preferences in games on networks

Orlova O (2022)
Games and Economic Behavior 131: 29-50.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
We consider a fixed network of players endowed with idiosyncratic preferences over actions and involved in interactions of various types. The aim is to investigate the interplay between idiosyncratic preferences and interactional incentives on a network. The earlier literature demonstrated the conflict between players' intrinsic preferences and coordination incentives. This paper shows that such a conflict is also present in contexts in which players do not necessarily aim at coordination with their peers. The introduction of action preferences changes equilibrium outcomes in a non-trivial fashion: some equilibria disappear, while other, qualitatively new ones, appear. We characterize equilibria for a large class of games, including games of strategic complements and strategic substitutes, and outline a subclass with a unique equilibrium in which all players follow their idiosyncratic action preferences. This equilibrium is Pareto optimal and for many games is also a unique efficient profile.
Erscheinungsjahr
2022
Zeitschriftentitel
Games and Economic Behavior
Band
131
Seite(n)
29-50
ISSN
0899-8256
Page URI
https://pub.uni-bielefeld.de/record/2959417

Zitieren

Orlova O. Idiosyncratic preferences in games on networks. Games and Economic Behavior. 2022;131:29-50.
Orlova, O. (2022). Idiosyncratic preferences in games on networks. Games and Economic Behavior, 131, 29-50. https://doi.org/10.1016/j.geb.2021.10.006
Orlova, O. (2022). Idiosyncratic preferences in games on networks. Games and Economic Behavior 131, 29-50.
Orlova, O., 2022. Idiosyncratic preferences in games on networks. Games and Economic Behavior, 131, p 29-50.
O. Orlova, “Idiosyncratic preferences in games on networks”, Games and Economic Behavior, vol. 131, 2022, pp. 29-50.
Orlova, O.: Idiosyncratic preferences in games on networks. Games and Economic Behavior. 131, 29-50 (2022).
Orlova, Olena. “Idiosyncratic preferences in games on networks”. Games and Economic Behavior 131 (2022): 29-50.
Material in PUB:
Dissertation, die diesen PUB Eintrag enthält
Essays on the Evolution of Preferences and Network Interactions
Orlova O (2021)
Bielefeld: Universität Bielefeld.

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