Seeking Harmony Amidst Diversity : Consensus Building with Network Externalities

Chen, Chia-Hui; Ishida, Junichiro

Seeking Harmony Amidst Diversity : Consensus Building with Network Externalities

Chen, Chia-Hui; Ishida, Junichiro

Institute of Social and Economic Research Discussion Papers, 2011, 826

アクセス数:230件（2025-05-17 06:11 集計）

固定URL: https://hdl.handle.net/11094/13617

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タイトル	Seeking Harmony Amidst Diversity : Consensus Building with Network Externalities
著者	NRID 1000020768238 1000020768238 著者名 Chen, Chia-Hui
著者	NRID 1000040324222 1000040324222 ORCID 0000-0002-0674-0216 0000-0002-0674-0216 researchmap permalink read0116302 read0116302 Scopus Author ID 36927932200 36927932200 著者名 Ishida, Junichiro
抄録	A group of individuals, with a potential conflict of interest, face a choice amongalternatives. There is a network externality such that the chosen alternative yields valueonly if sufficiently many individuals get on board. Their preferences for each alternativeand the benefit derived from a successfully formed network are known only privately andmight vary between the players who determine whether to make their choices early orlate. We characterize the equilibrium timing of adoption as well as the efficient timingwhich maximizes the total expected payoff. We also show that the efficient timing ofadoption can be implemented by a simple fee scheme. The analysis gives an insight intowhy consensus is often hard-won in some societies and suggests a potential role of socialnorms in improving the efficiency.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	826
刊行年月	2011-12
言語	英語
ハンドルURL	https://hdl.handle.net/11094/13617
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2011/DP0826.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2011, 826
DC.title	Seeking Harmony Amidst Diversity : Consensus Building with Network Externalities
DC.creator	Chen, Chia-Hui
DC.creator	Ishida, Junichiro
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2011-12
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2011/DP0826.pdf
DCTERMS.abstract	A group of individuals, with a potential conflict of interest, face a choice amongalternatives. There is a network externality such that the chosen alternative yields valueonly if sufficiently many individuals get on board. Their preferences for each alternativeand the benefit derived from a successfully formed network are known only privately andmight vary between the players who determine whether to make their choices early orlate. We characterize the equilibrium timing of adoption as well as the efficient timingwhich maximizes the total expected payoff. We also show that the efficient timing ofadoption can be implemented by a simple fee scheme. The analysis gives an insight intowhy consensus is often hard-won in some societies and suggests a potential role of socialnorms in improving the efficiency.
DC.format	13617
citation_title	Seeking Harmony Amidst Diversity : Consensus Building with Network Externalities
citation_author	Chen, Chia-Hui
citation_author	Ishida, Junichiro
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2011-12
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	826
citation_public_url	https://hdl.handle.net/11094/13617
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2011/DP0826.pdf

Seeking Harmony Amidst Diversity : Consensus Building with Network Externalities

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