Frank H. Page, Jr.; Wooders, Myrna H. - Vanderbilt University Department of Economics - 2005
feasible set of networks contains a unique, finite, disjoint collection of nonempty subsets having the property that each … subset forms a strategic basin of attraction. These basins of attraction contain all the networks that are likely to emerge … in the set of pairwise stable networks. Finally, we introduce, via an example, competitive contracting networks and …