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Persistent link: https://www.econbiz.de/10015070983
We prove that for generic network formation games where players incur some strictly positive cost to propose links the …
Persistent link: https://www.econbiz.de/10014206986
Theoretical models on network formation focus mostly on the stability and efficiency of equilibria, but they cannot … starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple … stage in which the network is disrupted. This setting allows us to analyze the interplay between the need for farsightedness …
Persistent link: https://www.econbiz.de/10012014878
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form costly undirected links anticipating expected equilibrium payoffs from the subsequent network bargaining. Assuming …
Persistent link: https://www.econbiz.de/10011296326
Persistent link: https://www.econbiz.de/10009722697
This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network …
Persistent link: https://www.econbiz.de/10009735339
Persistent link: https://www.econbiz.de/10008657634
use the notion of condensation network which allows us to divide the population in sets of players who obtain the same …
Persistent link: https://www.econbiz.de/10013128794
This paper characterizes the set of equilibrium networks in the two-way flow model of network formation with small … decay, and this for all increasing benefit functions of the players. We show that as long as the population is large enough …
Persistent link: https://www.econbiz.de/10008838607
</I>.<P> This paper characterizes the set of equilibrium networks in the two-way flow model of network formation with small decay …
Persistent link: https://www.econbiz.de/10011256446