Network Characteristics Enabling Efficient Coordination: A Simulation Study

Abhimanyu Khan, Ronald Peeters, Frank Thuijsman () and Philippe Uyttendaele ()
Additional contact information
Frank Thuijsman: Maastricht University
Philippe Uyttendaele: Maastricht University

Dynamic Games and Applications, 2016, vol. 6, issue 4, No 5, 495-519

Abstract: Abstract Using data generated by extensive simulations of a process where individuals interact globally in a coordination game and iteratively imitate the action of the most successful individual in their local neighbourhood, we study the characteristics of the observation network and distribution of initial choices that facilitate (a speedy) convergence to efficient coordination. Knowing these characteristics is crucial when intervening in social network structures with the intention to nudge society to a socially preferred outcome. The most important factor appears to be the share of individuals that are initially seeded with the socially desirable action. Only for a small window of this share, other factors, including the degree distribution in the network and the segregation of individuals using similar actions, have an influence on the dynamic process of achieving efficient coordination. Moreover, networks possessing the properties of a scale-free network are more likely to yield an efficient outcome compared to small-world networks.

Keywords: Coordination; Local imitation; Global random interaction; Networks (search for similar items in EconPapers)
JEL-codes: C73 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13235-015-0169-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: Network characteristics enabling efficient coordination: A simulation study (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:dyngam:v:6:y:2016:i:4:d:10.1007_s13235-015-0169-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13235

DOI: 10.1007/s13235-015-0169-8

Access Statistics for this article

Dynamic Games and Applications is currently edited by Georges Zaccour

More articles in Dynamic Games and Applications from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().