A hybrid revision protocol of action and links and social coordination

Zhiwei Cui and Ge Jiang

Economics Letters, 2023, vol. 231, issue C

Abstract: This paper develops a model in which agents choose a limited number of partners to play a coordination game. We introduce a hybrid revision protocol, in which an agent may revise only her action, only her links or both her action and links. We show that risk-dominant strategy profiles will be (uniquely) selected in the long run.

Keywords: Social coordination; Network formation; Simultaneous updating; Asynchronous updating (search for similar items in EconPapers)
JEL-codes: C72 D83 D85 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:231:y:2023:i:c:s0165176523003233

DOI: 10.1016/j.econlet.2023.111298

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