EconPapers    
Economics at your fingertips  
 

Myopic or Farsighted? An Experiment on Network Formation

Marco Mantovani (), Georg Kirchsteiger (), Ana Mauleon () and Vincent Vannetelbosch ()

No 108256, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)

Abstract: Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes myopic behavior of the agents in the sense that they do not forecast how others might react to their actions. Assuming that agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test these theories. Our results provide support for farsighted stability and strongly reject the idea of myopic behavior.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 32
Date: 2011-06
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/108256/files/NDL2011-045.pdf (application/pdf)

Related works:
Working Paper: Myopic or Farsighted ?An Experiment on Network Formation (2013) Downloads
Working Paper: Myopic or farsighted? An experiment on network formation (2011) Downloads
Working Paper: Myopic or Farsighted? An Experiment on Network Formation (2011) Downloads
Working Paper: Myopic or Farsighted? An Experiment on Network Formation (2011) Downloads
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:ags:feemcl:108256

DOI: 10.22004/ag.econ.108256

Access Statistics for this paper

More papers in Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2021-04-13
Handle: RePEc:ags:feemcl:108256