search query: @indexterm EQUILIBRIUM THEORY / total: 340
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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. |
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