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Titel
Personal preferences in networks / Olena Orlova
VerfasserOrlova, Olena
ErschienenBielefeld, Germany : Center for Mathematical Economics (IMW), Bielefeld University, December 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (44 Seiten) : Diagramme
SerieCenter for Mathematical Economics Working papers ; 631
SchlagwörterPräferenztheorie / Netzwerkökonomik / Spieltheorie / Nutzenfunktion / Spieltheorie / Netzeffekt / Präferenz
URNurn:nbn:de:hbz:6:2-129765 
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Personal preferences in networks [0.56 mb]
Zusammenfassung

We consider a network of players endowed with individual preferences and involved in interactions of various patterns. We show that their ability to make choices according to their preferences is limited, in a specific way, by their involvement in the network. The earlier literature demonstrated the con ict between individuality and peer pressure. We show that such a con ict is also present in contexts in which players do not necessarily aim at conformity with their peers. We investigate the consequences of preference heterogeneity for different interaction patterns, characterize corresponding equilibria and outline the class of games in which following own preferences is the unique Nash equilibrium. The introduction of personal preferences changes equilibrium outcomes in a non-trivial fashion: some equilibria disappear, while other, qualitatively new, appear. These results are robust to both independent and interdependent relationship between personal and social utility components.

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