under strong market rivalry a conflict between stable and efficient networks is likely to occur. A key finding of the paper …

equilibrium espionage networks and networks that maximize social welfare under the most interesting scenario of diseconomies of …

We develop a model of strategic networks in order to analyze how trade unions will affect the stability and efficiency … of R&D collaboration networks in an oligopolistic industry with three firms. Whenever firms settle wages, the complete … network. Thus, a conflict between stability and efficiency may occur: efficient networks are pairwise stable, but the reverse …

stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …

may remove all managers' short-run gains from deviation making collusion supportable at any discount factor. The results …

besides reducing the agency costs of debt finance also greatly facilitate tacit collusion in product markets. Concentrated or …-proofness), thereby "exporting" collusion through leverage in otherwise competitive downstream product markets. …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …