Zobrazeno 1 - 10
of 139
pro vyhledávání: '"Golub, Benjamin"'
A group of agents each exert effort to produce a joint output, with the complementarities between their efforts represented by a (weighted) network. Under equity compensation, a principal motivates the agents to work by giving them shares of the outp
Externí odkaz:
http://arxiv.org/abs/2308.14717
Bolletta (2021, Math. Soc. Sci. 114:1-10) studies a model in which a network is strategically formed and then agents play a linear best-response investment game in it. The model is motivated by an application in which people choose both their study p
Externí odkaz:
http://arxiv.org/abs/2302.05831
Complex organizations accomplish tasks through many steps of collaboration among workers. Corporate culture supports collaborations by establishing norms and reducing misunderstandings. Because a strong corporate culture relies on costly, voluntary i
Externí odkaz:
http://arxiv.org/abs/2301.08907
Suppliers of differentiated goods make simultaneous pricing decisions, which are strategically linked. Because of market power, the equilibrium is inefficient. We study how a policymaker should target a budget-balanced tax-and-subsidy policy to incre
Externí odkaz:
http://arxiv.org/abs/2112.08153
Autor:
Elliott, Matthew, Golub, Benjamin
Suppose agents can exert costly effort that creates nonrival, heterogeneous benefits for each other. At each possible outcome, a weighted, directed network describing marginal externalities is defined. We show that Pareto efficient outcomes are those
Externí odkaz:
http://arxiv.org/abs/2107.04185
Consider a coordination game played on a network, where agents prefer taking actions closer to those of their neighbors and to their own ideal points in action space. We explore how the welfare outcomes of a coordination game depend on network struct
Externí odkaz:
http://arxiv.org/abs/2102.13309
Autor:
Sadler, Evan, Golub, Benjamin
We study network games in which players choose both the partners with whom they associate and an action level (e.g., effort) that creates spillovers for those partners. We introduce a framework and two solution concepts, extending standard approaches
Externí odkaz:
http://arxiv.org/abs/2102.01587
Autor:
Golub, Benjamin, Morris, Stephen
In coordination games and speculative over-the-counter financial markets, solutions depend on higher-order average expectations: agents' expectations about what counterparties, on average, expect their counterparties to think, etc. We offer a unified
Externí odkaz:
http://arxiv.org/abs/2009.13802
Autor:
Golub, Benjamin
This note presents a simple overlapping-generations (OLG) model of the transmission of a trait, such as a culture. Initially, some fraction of agents carry the trait. In each time period, young agents are "born" and are influenced by some older agent
Externí odkaz:
http://arxiv.org/abs/2002.03569
We model the production of complex goods in a large supply network. Each firm sources several essential inputs through relationships with other firms. Individual supply relationships are at risk of idiosyncratic failure, which threatens to disrupt pr
Externí odkaz:
http://arxiv.org/abs/2001.03853