-distance transmission lines. Recently, decentralized local power markets have evolved, often as isolated networks based on solar generation … identify positive network externalities that make larger markets more attractive but lead to inefficiencies where networks …

We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … links. We characterize the networks that are supported under these variations and show how each of the above aspects is …

We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … links. We characterize the networks that are supported under these variations and show how each of the above aspects is …

. Two well-known network structures are hierarchies and communication networks. We give an overview of the most common …

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 …