Vannetelbosch, Vincent; Tercieux, Olivier - Fondazione ENI Enrico Mattei (FEEM) - 2005
Jackson and Watts [J. of Econ. Theory 71 (2002), 44-74] have examined the dynamic formation and stochastic evolution of networks. We provide a refinement of pairwise stability, p-pairwise stability, which allows us to characterize the stochastically stable networks without requiring the "tree...