stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external … of a level-K farsightedly stable set. There is a unique level-1 farsightedly stable set G1 consisting of all networks … level-K farsighted stability and efficiency of networks. We show the tractability of the concept by applying it to a model …

outside her coalition. To predict the coalitional networks that are going to emerge at equilibrium we propose the concepts of …

outside his coalition. To predict the coalitional networks that are going to emerge at equilibrium we propose the concept of …

We propose a new concept, the pairwise farsightedly stable set, in order to predict which networks may be formed among … farsighted players. A set of networks G is pairto a network outside G are deterred by the threat of ending worse off or equally …

expenditure shocks. This paper analyzes which risk-sharing networks can be sustained in the long run when individuals are far … insurance agreement, myopic and farsighted agents form the same risk-sharing networks. For intermediate costs, farsighted agents … form efficient networks while myopic agents don't. …

The objective of the paper is to analyze the formation of social networks where individuals are allowed to engage in … several groups at the same time. These group structures are interpreted here as social networks. Each group is supposed to …’ preferences under which stable social networks are induced for sure. Furthermore, by embedding many-to-many matchings into our …

important. Interestingly, the other possible stable networks all have the realistic property that some firms decide not to …, strong stability, which imposes networks to be immune to coalitional deviations. …

We propose a concept to study the stability of social and economic networks when players are farsighted and allocations … are determined endogenously. A set of networks is a von Neumann-Morgenstern farsightedly stable set with bargaining if … bargaining threat. We show that the set of strongly efficient networks is the unique von Neumann-Morgenstern farsightedly stable …