Billand, Pascal; Bravard, Christophe; Sarangi, Sudipta - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
This paper addresses the existence of Nash equilibria in one-way flow or directed network models in a number of different settings. In these models players form costly links with other players and obtain resources from them through the directed path connecting them. We find that heterogeneity in...