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We consider the dynamic network formation problem under the requirement that the whole network be connected and remain connected after q nodes are destroyed. We propose the concept of dynamic Cq-stability and characterize dynamic Cq-stable networks for any q≥0. Comparison with the outcome in...
Persistent link: https://www.econbiz.de/10012432345
Field studies of networks have uncovered a preference to befriend people we perceive as similar according to some dimensions of our identity (“homophily”). Lab studies of network formation games have found that adherence to social norms of reciprocity and inequity aversion are also drivers...
Persistent link: https://www.econbiz.de/10011993333
This paper tries to prove that the outcomes stemming from interactions on assignment markets bring about coordination in case of a stochastic matching subject to various forms of expectations. We consider an exchange network with stochastic matching between the pairs of players and analyze the...
Persistent link: https://www.econbiz.de/10014420153
We introduce a new network centrality measure founded on the Gately value for cooperative games with transferable utilities. A directed network is interpreted as representing control or authority relations between players-constituting a hierarchical network. The power distribution embedded...
Persistent link: https://www.econbiz.de/10014426676