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Author:Callander, S.
Plott, C.R.
Title:Principles of network development and evolution: an experimental study
Journal:Journal of Public Economics
2005 : AUG, VOL. 89:8, p. 1469-1495
Index terms:Decision making
Equilibrium theory
Networks
Language:eng
Abstract:This article examines the evolution of networks and the individual decision-making processes that guide it. The findings suggest that networks, composed of decentralized decision makers, are able to overcome complex coordination and learning problems and converge to stationary configurations.
SCIMA record nr: 259463
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