CREDIBILITY AND STRATEGIC LEARNING IN NETWORKS

Kalyan Chatterjee and Bhaskar Dutta

International Economic Review, 2016, vol. 57, issue 3, 759-786

Abstract: We analyze a model of diffusion in a fixed, finite connected network. There is an interested party that knows the quality of the product being propagated and chooses an implant in the network to influence other agents to buy. Agents are either “innovators,” who adopt immediately, or rational. Rational consumers buy if buying instead of waiting maximizes expected utility. We consider the conditions on the network under which optimal diffusion of the good product with probability 1 is a perfect Bayes equilibrium.

Date: 2016
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https://doi.org/10.1111/iere.12175

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Working Paper: Credibility and Strategic Learning in Networks (2011)
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