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 …

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 …

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 …

We develop a DSGE model with firm-specific labor where firm-level wage bargaining and price setting are subject to …

This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We …

. -- Efficiency ; Bargaining Protocol ; Counterproposals ; Network Formation ; Transfers ; Externalities ; Groups ; Coalitions …We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous …