We examine the process of building social relationships in a non-cooperative game where such link formation is costly and requires mutual consent. We provide a noncooperative foundation for several link-based network stability concepts that have been studied in the literature on network...

This paper contributes to the literature on centrality measures in economics by defining a team game and identifying the key players in the game. As an illustration of the theory we create a unique data set from the UEFA Euro 2008 tournament. To capture the interaction between players we create...

Using data for 2008-2009, we determine winning strategies for the game in two different formats: 50-over one-day internationals and 20-over games from the Indian Premier League and Twenty20 Internationals. We find that attacking batting and defensive bowling outperform all other strate- gies in...

This paper analyzes the asymmetries with regard to the resources obtained by groups of players in equilibrium networks. We use the notion of condensation networks which allows us to partition the population into sets of players who obtain the same resources and we order these sets according to...

We examine in controlled experiments how individuals make choices when faced with multiple options. The choice tasks mimic the selection of health insurance, prescription drug, or retirement savings plans. However, in our experiment, the available options can be objectively ranked. We find that...

Heterogeneity in Nash networks can arise due to differences in the following four variables: (i) the value of information held by agents, (ii) the rate at which information decays or loses its value as it traverses the network, (iii) the prob- ability with which a links transmits information,...

This paper addresses the existence of Nash networks for the one-way flow model of Bala and Goyal (2000) in a number of different settings. First, we provide conditions for he existence of Nash networks in models where costs and values of links are heterogenous and players obtain resources from...