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stable and efficient networks in a variety of contexts and under several definitions of efficiency. …This paper studies the formation of networks among individuals. The focus is on the compatibility of overall societal … subject, and also provides new results on the existence of pairwise-stable networks and the relationship between pairwise …
Persistent link: https://www.econbiz.de/10005135109
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71 …, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between … results that relate situations of positive externalities with stable networks that cannot be "too dense" in a well …
Persistent link: https://www.econbiz.de/10005002279
I survey the recent literature on the formation of networks. I provide definitions of network games, a number of …
Persistent link: https://www.econbiz.de/10005550866
We propose a new concept, the pairwise farsightedly stable set, in order to predict which networks may be formed among … farsighted players. A set of networks G is pairto a network outside G are deterred by the threat of ending worse off or equally …
Persistent link: https://www.econbiz.de/10005065469
This paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the evolution of a particular world: the world of journal publishing economists during the period 1970-2000. We find that in the 1970's the world of economics was a collection of islands....
Persistent link: https://www.econbiz.de/10010325260
This paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the evolution of a particular world: the world of journal publishing economists during the period 1970-2000. We find that in the 1970's the world of economics was a collection of islands....
Persistent link: https://www.econbiz.de/10011334330
This paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the evolution of a particular world: the world of journal publishing economists during the period 1970-2000. We find that in the 1970's the world of economics was a collection of islands....
Persistent link: https://www.econbiz.de/10005137309
level-K farsighted stability and efficiency of networks. We show the tractability of the concept by applying it to a model … stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external … of a level-K farsightedly stable set. There is a unique level-1 farsightedly stable set G1 consisting of all networks …
Persistent link: https://www.econbiz.de/10011094063
This discussion paper has resulted in a publication in the <A href="http://aa4pq3kw5l.search.serialssolutions.com/directLink?&atitle=Economics%3A%20An%20Emerging%20Small%20World&author=Sanjeev%20Goyal%3B%20Marco%20J%20van%20der%20Leij%3B%20José%20Luis%20Moraga%2DGonzález&issn=00223808&title=The%20Journal%20of%20Political%20Economy&volume=114&issue=2&date=20060401&spage=403&id=doi:&sid=ProQ_ss&genre=article&lang=en">'Journal of Political Economy'</A>.<P>This paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the evolution of a particular world: the world of journal publishing economists during the period...</p></a>
Persistent link: https://www.econbiz.de/10011256571
In this paper we study strategic formation of bilateral networks with farsighted players in the classic framework of … corresponding LCS does not contain any strongly efficient network. Using Pareto efficiency, a weaker concept of efficiency, we get a … more positive result. However, then also, at least one environment of networks (with a component balanced and anonymous …
Persistent link: https://www.econbiz.de/10008474126