restricted through a network of existing relationships and traders bargain over the division of available gains from trade along … point of a set of intuitive value function equations and study efficiency and the relationship between network structure and … ; Middlemen ; Network …

neighbors in the social network. The same activities often exert externalities that cumulate in "stocks" affecting agents … network of social relations, as agents display strategic substitution with distance-two neighbors. We show that behavior is … behavior and key-players tend to move to the periphery of the network, and we discuss the effect of close-knit communities and …

We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous …. -- Efficiency ; Bargaining Protocol ; Counterproposals ; Network Formation ; Transfers ; Externalities ; Groups ; Coalitions …

particular, if the linking costs are not too low and not too high, at least one such network is pairwise stable. Moreover, in … explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity …

Two project leaders (or entrepreneurs) in a network, which captures social relations, recruit players in a strategic … selects one equilibrium at a time. An agent's expected payoff is related to his position in the network, though no centrality …

This paper studies a noncooperative model of network formation. Built upon the two-way flow model of Bala and Goyal …