substitutability and cross side complementarity. Given this preference domain I analyze the interplay between properties of the network … stable network, and (v) the existence of an efficient and individually stable network. These equivalences also provide a …

engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information … volume when there are more buyers than sellers or when sellers have more bargaining power. In most cases, market surplus is … volume. When sellers have more bargaining power than buyers, information exchange leads to trade above the Walrasian level …

network of interbank exposures by which they expose other banks to potential insolvency cascades. In this paper, we show how a … regulator can use information about the financial network to devise a transaction-specific tax based on a network centrality … effectively stimulate a `rewiring' of the equilibrium interbank network so as to make it more resilient to insolvency cascades …

This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn … among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also … covers models of group and network formation by farsighted players and in dynamic contexts. The chapter concludes with a …

cooperative game may cause the Coase Theorem to fail, even when other more direct impediments to bargaining are low. We show that … the standard Coasean bargaining game involving three parties is strategically equivalent to an asymmetric three … always possible to find a set of transaction costs which, when introduced into a frictionless bargaining situation, will …

spread. Previously developed frameworks capture local social influence using network games, but discard local correlation in … players' strategies. This paper develops a network games framework that allows for local correlation in players' strategies by … equilibrium outcomes on network clustering — the probability that two individuals with a mutual neighbor are connected to each …

are not bounded away from zero and the network is sufficiently connected and has identifiable information paths. If search … as in the complete network. The density of indirect connections affects convergence rates. Network transparency has short …

placing its data on others’ storage devices, given the prevailing data loss rate in the network. The cost function of an agent … captures the cost that the agent incurs to maintain links in the network. With this utility function, we analyze what network … exists a pairwise stable network, which is also efficient. We show that all pairwise stable networks are efficient, and hence …

We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for …

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 …