Masterclass series: Strategic network formation and the emergence of equilibrium network dynamics

Event

Summary
Date: 
November 4th 2013 to November 5th 2013

Time: 10.00am - 4:00pm on both days
Venue: R405, 4th floor Lionel Robbins Building, LSE campus. Click here for map.
Price: HE: £80; other delegates: £1,500
Tutor: Professor Frank Page Jr., is Professor of Economics at the University of Indiana. He is a leading researcher in economic theory, in particular in network formation games, contract theory, public economics and financial economics.  Professor Page is an Associate Editor of the Journal of Public Economic Theory, the Annals of Finance, and Economics Bulletin. He is a regular Visiting Professor at the University of Paris 1 (Pantheon-Sorbonne) and he has twice (1996 and 2006) been the organiser of the NSF/NBER Decentralisation Conference. He is Vice President of the Association for Public Economic Theory.

In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to interact, and over time both the structure (the “with whom”) and the strategy (“the how”) of interactions change. Our objectives will be to model the structure and strategy of interactions prevailing at any point in time as a directed network and to address the following questions in the theory of social and economic network formation: (i) Given the rules of network formation, the preferences of individuals over networks, and the strategic behaviour of individuals and coalitions in forming networks, what networks are likely to emergence and persist. Thus, we propose to study the emergence of endogenous networks from the rules of network formation and the strategic behaviour of individuals and coalitions in forming networks. (ii) Given the rules of network formation, the preferences of individuals over networks, the strategic behaviour of coalitions in forming networks, and the trembles of nature through time, what network and coalitional dynamics are likely to emergence and persist. Thus, we propose to study the emergence of equilibrium network dynamics from the rules of network formation, the preferences of individuals over networks, the strategic behaviour of coalitions in forming networks, and the randomness in nature through time.

You can view Frank's masterclass objectives here.

Registration is closed.

For any enquiries please email src@lse.ac.uk 

The SRC Masterclass Series is taught at a level appropriate to postgraduate research students.

The support of the Economic and Social Research Council (ESRC) is gratefully received [grant number ES/K002309/1].