Научный семинар Департамента теоретической экономики с участием Марии Тетерятниковой, НИУ ВШЭ

Уважаемые коллеги!

Приглашаем вас на научный семинар Департамента теоретической экономики, который состоится: 03 октября 2023 года в 13:00.

Ссылка для подключения к семинару: Click here to join the meeting

Идентификатор конференции: 338 598 102 924

Код доступа: LfS47F

Рабочий язык семинара: английский

В рамках семинара выступит: Мария Тетерятникова, доцент Департамента теоретической экономики

Тема выступления: "Support Networks in Contests", joint with Anastasia Antsygina

Аннотация: We study the incentives for formation of support networks among three heterogeneous agents in view of potential future conflict. With a positive probability, each agent engages in a contest game, which we model as an all-pay auction, against one of the other agents. Before the contest, the agents can create links with each other that will provide support in the contest and thus, determine agents’ competitive strengths. Forming a link is costly but results in direct and indirect benefits.  The direct benefits realize when the player enters into a competition himself and receives support from the connections that were formed, while the indirect benefits occur when the player does not compete himself but derives utility from his connection's success in the competition. We show that a pairwise stable network always exists, and the introduction of indirect benefits has a non-trivial effect on the resulting network structure. In particular, a network with two or more links is pairwise stable if and only if indirect benefits are large enough. Finally, a pairwise stable network is generally inefficient and can display either underinvest or overinvest in the links.