the social network is endogenously determined are studied. The main result shows that in atomized societies where there is …

preferences and the rules governing network formation. By reformulating Chwe's basic result on the nonemptiness of farsightedly … governing network formation), there exists a farsightedly stable directed network. We also introduce the notion of a Nash … network relative to a given supernetwork, as well as the notions of symmetric, nonsimultaneous, and decomposable supernetworks …

We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … efficient network to be supportable as an equilibrium. In cases where transfers can be made contingent on the network, then any … efficient network is supportable as an equilibrium. We also consider a refinement of equilibrium that allows pairs of players to …

not provide a clear insight on how a modern system of private electronic money would work and how the necessary network …

formed if members of the coalition are connected on a communication network, or a graph. We offer a characterization of non …-manipulable division rules without any assumption on the structure of communication network. As corollaries, we obtain a number of earlier … characterization results established with the assumption of complete network (complete graph) in various specialized settings. Moreover …

In this paper, we consider the network as an alternative trading environment to the market. The main distinctive … feature of the network transaction is the dependence of buyers' purchasing behavior, which makes all consumers not equally … valuable to a seller. We characterize the optimal behavior of a seller and consumers in a network. A seller's strategy of …

We model how excess demand or excess supply can be generated in the presence of a social network of interactions, where …