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particular, we study whether the farsightedness of the agents leads to a reduction of the tension between stability and …
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This paper analyzes the formation of directed networks where self-interested individuals choose with whom they communicate. The focus of the paper is on whether the incentives of individuals to add or sever links will lead them to form networks that are efficient from a societal viewpoint. It is...
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strong stability and of contractual stability. Contractual stability imposes that any change made to the coalitional network … members under the simple majority or unanimity decision rule may help to reconcile stability and efficiency. Moreover, this …
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