Vannetelbosch, Vincent; Mauleon, Ana; Sempere-Monerris, … - 2005
network is always pairwise stable and the partially connected network is stable if and only if spillovers are large enough. If … spillovers are small, the complete network is the efficient network; otherwise, the efficient network is the partially connected … network. Thus, a conflict between stability and efficiency may occur: efficient networks are pairwise stable, but the reverse …