We propose a model on strategic formation of communication networks with (i) link specificity: the more direct links … only social value to isolate the impact of link specificity, the pairwise stable set includes many nonstandard networks … networks under high or the complete network under low link specificity. These extremes are beneficial for efficiency, whereas …

We propose a model on strategic formation of communication networks with (i) link specificity: the more direct links … only social value to isolate the impact of link specificity, the pairwise stable set includes many nonstandard networks … networks under high or the complete network under low link specificity. These extremes are beneficial for efficiency, whereas …

symmetric case. As an application, we establish an interesting link with the formation of networks. -- Overlapping Coalitions …

sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash … stable, including all other equitable networks. As an important implication, this reveals the diversity of possible … costs the pairwise stable and efficient networks coincide whereas this does not hold if costs are low or at an intermediate …

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 …

This paper examines conditions for stability in bargaining networks. Network formation is endogenized and payoffs are … internalize the entire network structure when choosing trading partners. The set of link stable networks is characterized for all … positive fixed costs per link. It can be shown that for all positive costs link-stable Manea bargaining networks are of degree …