Dutta, Bhaskar; Ghosal, Sayantan; Ray, Debraj - Centre for Development Economics, Delhi School of Economics - 2004
: Network formation, farsightedness, equilibrium, efficiency.
JEL Classification: C7, D7.
Acknowledgements
Thanks to Guillanume …
than the cost, even if subsequent benefits are exceedingly large.
At first sight, it appears that farsightedness would … zero, and perfect farsightedness by taking the opposite
limit.
[2] Network formation and payoffs occur together. There is …