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Coordination and Evolutionary Network Formation with Asymmetric Link Costs: Part One

Author

Listed:
  • Masakazu Fukuzumi

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

We analyze a dynamic implication of an evolutionary process in a population where both actions and network structures changes over time. At every period, a coordination game is played by players who are linked with each other. An asymmetric cost of a link is incorporated. Under this setting each player myopically adopts with its circumstance consisting of the network structure and the action profile. In a stochastically stable state there are link cost patterns such that all players play a pareto dominant equilibrium strategy of coordination game. This is the most different result from a standard stochastic evolutionary models that selects a risk dominant equilibrium.

Suggested Citation

  • Masakazu Fukuzumi, 2003. "Coordination and Evolutionary Network Formation with Asymmetric Link Costs: Part One," Discussion Paper Series 147, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:147
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    File URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp147.pdf
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