We study the endogenous formation of networks between manufacturers of differentiated goods and multi-product retailers … manufacturer anda retailer. We find that only three distribution networks are stable for particular values of the degree of product … distribution networks that maximize social welfare are not necessarily stable. Thus, a conflict between stability and social …

We develop a model of strategic networks in order to analyze how trade unions will affect the stability and efficiency … of R&D collaboration networks in an oligopolistic industry with three firms. Whenever firms settle wages, the complete … network. Thus, a conflict between stability and efficiency may occur: efficient networks are pairwise stable, but the reverse …

We reconsider Goyal and Moraga-Gonzalez [Rand J. of Econ. 32 (2001), 686-707] model of strategic networks in order to … analyze how government policies (e.g. subsidies) will affect the stability and efficiency of networks of R&D collaboration …

equilibrium espionage networks and networks that maximize social welfare under the most interesting scenario of diseconomies of …

under strong market rivalry a conflict between stable and efficient networks is likely to occur. A key finding of the paper …

is no longer always profitable in an unambiguous manner. With non-negative link formation costs, the stable networks have … a dominant group architecture and efficient networks are charecterized by at most one non-singleton component with a …

equilibrium espionage networks and networks that maximize social welfare under the most interesting scenario of diseconomies of …

environmental taxation. We take a dynamic approach to this issue, using a simple differential game to show that the conclusion … distinctively collusive flavour. We also examine the social planning case and the effects of Pigouvian taxation, to show that there …