in case of a stochastic matching subject to various forms of expectations. We consider an exchange network with …

compete on different routes through the network. I characterize stationary equilibrium payoffs as the fixed point of a set of … intuitive value function equations and study efficiency and the impact of network structure on payoffs. There is never too …

We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for … efficient equilibria and shows the prevalence of strategic delays. If the underlying network is either complete or circular …

We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form an undirected network with explicit linking costs anticipating expected equilibrium payoffs from the subsequent … sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash …