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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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In this paper we study the effects of institutional constraints on stability, efficiency and network formation. More … setting the part of the current network within each connected component of the cover is assumed to be common knowledge to all … players in that component. Based on this two-ingredient model, network and societal cover, we examine the impact of societal …
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