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network; and [2] the incentives of a seller s to cooperate can be calculated as if the network was a random tree with seller s …
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particular, if the linking costs are not too low and not too high, at least one such network is pairwise stable. Moreover, in … explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity …
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We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks …
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Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … ; coordination ; multiple equilibria ; information dynamics ; crises …
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