Ortega, Olaizola; Norma, María; Valenciano Llovera, … - Departamento de Fundamentos del Análisis Económico I, … - 2010
In this paper we study the effects of institutional constraints on stability, efficiency and network formation. More … the part of the current network within each connected component of the cover is assumed to be common knowledge to all … players in that component. Based on this two-ingredient model, network and societal cover, we examine the impact of societal …