, pairwise-Nash and proper equilibrium networks coincide, where pairwise stable networks are robust to one-link deviations, while … pairwise-Nash networks are robust to one-link creation but multi-link severance. Under these conditions, proper equilibria in …

, pairwise-Nash and proper equilibrium networks coincide, where pairwise stable networks are robust to one-link deviations, while … pairwise-Nash networks are robust to one-link creation but multi-link severance. Under these conditions, proper equilibria in …

This paper shows that the set of probability distributions over networks induced by Nash equilibria of the network … formation game proposed by Myerson (1991) is finite for a generic assignment of payoffs to networks. The same result can be …

and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity … own links and strategic complements, a local uniqueness property of pairwise stable networks is derived. The results do …

Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71 …, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between … results that relate situations of positive externalities with stable networks that cannot be "too dense" in a well …

Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71 …, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between … general results that relate situations of positive externalities with stable networks that cannot be “too dense” in a well …