Event

Seeking Relationship Support: Strategic network formation and robust cooperation by David A. Miller

Microeconomics Research Seminar Series, Spring Term 2022

  • Mon 21 Mar 22

    16:00 - 17:30

  • Online

    Zoom

  • Event speaker

    David A. Miller

  • Event type

    Lectures, talks and seminars
    Microeconomics Research Seminar Series

  • Event organiser

    Economics, Department of

Join David A. Miller as they present research on Seeking Relationship Support: Strategic network formation and robust cooperation.

Seeking Relationship Support: Strategic network formation and robust cooperation by David A. Miller

Join us for the another event in the Microeconomics Research Seminar Series, Spring Term 2022

David A. Miller, from the Department of Economics at the University of Michigan, will present Seeking Relationship Support: Strategic network formation and robust cooperation.

Abstract

We study cooperation on evolving social networks with private monitoring and communication. For arbitrary networks, we construct a class of multilateral restitution equilibria that attain high cooperation on all supported links, i.e., all links that are in triangles. These equilibria are both robust - preserving high cooperation between innocent players on and off the equilibrium path - and local - invariant to players’ beliefs about the network outside their local neighborhoods. Guilty players are not ostracized; instead they remain involved to sustain cooperation on the network while paying restitution by exerting high effort for their innocent partners. When new players arrive, they strategically form links that in aggregate lead to realistic “small worlds” network properties, including high support but relatively low clustering 

This seminar will be held at 4pm on Zoom. This event is open to all levels of study and is also open to the public. To register your place and gain access to the webinar, please contact the seminar organisers.

This event is part of the Microeconomics Research Seminar Series.

 

A lady handling money
Contact the seminar organisers
Dr Ahrash Dianat Department of Economics
University of Essex
Dr Aditya Kuvalekar Department of Economics
University of Essex

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