introduced here, these two benchmark models appear as extreme cases.We study efficiency and Nash, strict Nash and pairwise Nash …

about node-players' information and is necessary for Nash equilibrium and for pairwise stability. Second, efficient networks … in absolute terms are characterized. Efficiency and stability are shown to be incompatible, but partial subsidizing is …

determines the structures of networks. In our model, agents are endowed with their own multidimensional characteristics and their … stable networks, and analyze how they are related to the way agents measure social distances. The model predicts the small …-formation costs, the model also accommodates other well documented empirical patterns of social networks such as skewed degree …

that in this most general version of the connections model, the only possibly non-empty efficient networks, in the sense of …

We study the criminal networks that will emerge in the long run when criminals are neither myopic nor completely … that in criminal networks with n criminals, the set consisting of the complete network is a horizon-K farsighted set …

We develop a dynamic network formation model that can explain the observed nestedness in real-world networks. Links are … identify the networks to which the network formation process converges and find that they are nested split graphs. We … completely determine the topological properties of the stochastically stable networks and show that they match features exhibited …

between allocative efficiency and incentive provision results in rigidity in trade, the degree of which depends on the …

but does not usually achieve global efficiency. The FRP-Core has support from both cooperative and noncooperative games … a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group …, public goods provision level, and how to share the provision costs. The FRP-Core is always nonempty in public goods economies …