Ortega, Olaizola; Norma, María; Valenciano Llovera, … - Departamento de Fundamentos del Análisis Económico I, … - 2011
We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous "societal cover" consisting of a collection of possibly overlapping subsets covering the set of players specifies the social organization in different groups or "societies". It is...