Impact of social network structure on social welfare and inequality

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

In this chapter, how the structure of a network can affect the social welfare and inequality (measured by the Gini coefficient) are investigated based on a graphical game model which is referred to as the Networked Resource Game (NRG). For the network structure, the Erdos-Renyi model, the preferential attachment model, and several other network structure models are implemented and compared to study how these models can effect the game dynamics. We also propose an algorithm for finding the bilateral coalition-proof equilibria because Nash equilibria do not lead to reasonable outcomes in this case. In economics, increasing inequalities and poverty can be sometimes interpreted as a circular cumulative causations, such positive feedback is also considered by us and a modified version of the NRG by considering the positive feedback (p-NRG) is proposed. The influence of network structures in this new model is also discussed at the end of this chapter.

Original languageEnglish
Title of host publicationSocial Networks
Subtitle of host publicationA Framework of Computational Intelligence
PublisherSpringer Verlag
Pages123-144
Number of pages22
ISBN (Print)9783319029924
DOIs
StatePublished - 2014

Publication series

NameStudies in Computational Intelligence
Volume526
ISSN (Print)1860-949X

Keywords

  • Graphical games
  • Nash equilibrium
  • Networked resource game
  • P-NRG network formation

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