Bloch, Francis; Dutta, Bhaskar; Manea, Mihai - In: Theoretical Economics 14 (2019) 3, pp. 779-811
We analyze the formation of partnerships in social networks. Players need favors at random times and ask their neighbors in the network to form exclusive long‐term partnerships that guarantee reciprocal favor exchange. Refusing to provide a favor results in the automatic removal of the...