, 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 characterizes the set of equilibrium networks in the two-way flow model of network formation with small …, this set contains large- as well as small-diameter networks. For all benefit functions, the periphery-sponsored star is the … most stable. When the marginal benefits of information are constant, all non-star networks are equally stable. With …

existence of Nash networks. We also provide conditions for the existence of Nash networks in models where costs and values of …

This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity … two assumptions influence important properties of Strict Nash networks. Built upon the findings of Billand et al (2011 … the shapes of Strict Nash networks. …

number of his links. This assumption results in the fact that a large set of Nash networks are disconnected and consist of … components of different sizes, a feature that resembles that of real-world networks. Discussions on this insight are provided. …

This paper characterizes the set of equilibrium networks in the two-way flow model of network formation with small …, this set contains large- as well as small-diameter networks. For all benefit functions, the periphery-sponsored star is the … most stable. When the marginal benefits of information are constant, all non-star networks are equally stable. With …

patient players, we provide a complete characterization of non-singularly pairwise (Nash) stable networks: specific disjoint … stable and efficient networks coincide whereas this does not hold if costs are low or at an intermediate level. As a …

fine-detail characterization of effiicient networks. …