This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity … two assumptions influence important properties of Strict Nash networks. Built upon the findings of Billand et al (2011 …, I provide a proposition that generalizes the results of these two models by stating that: (i) Strict Nash network …

empty or complete network are always pairwise stable, stable symmetric networks exist, or stable networks with a connected …We study the structure of pairwise stable networks from a very general point. Rather than assuming a particular … respect to their network position while their names do not matter. Existence of certain stable network structures is then …

Network structure has a significant role in determining the outcomes of many socioeconomic relationships, including the … antagonistic ones. In this paper we study a situation in which agents, embedded in a network, simultaneously play interrelated … bilateral contest games with their neighbors. Interrelatedness of contests induces complex local and global network effects. We …

sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash …We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form an undirected network with explicit linking costs anticipating expected equilibrium payoffs from the subsequent …

information thay they possessed - in determining the shapes of two-way flow Strict Nash networks when small amount of decay is … present. I do so by extending the two-way flow network with small decay of De Jaegher and Kamphorst (J ECON BEHAV ORGAN, 2015 …). Results of this extension shows that the effects of value heterogeneity on Strict Nash networks, when small decay is present …

We develop a network model whose links are governed by banks' optmizing decisions and by an endogenous tâtonnement … evolution of the network configuration under various prudential policy regimes, to measure banks' contribution to systemic risk …

Theoretical models on network formation focus mostly on the stability and efficiency of equilibria, but they cannot … deliver an understanding of why specific equilibrium networks are selected or whether they are all actually reachable from any … starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple …

exists a pairwise stable network, which is also efficient. We show that all pairwise stable networks are efficient, and hence … 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 …