Recently a variety of link-based stability concepts have emerged in the literature on game theoretic models of social network formation. We investigate two basic formation properties that establish equivalence between some well known types of stable networks and their natural extensions. These...

We investigate the equilibria of game theoretic models of network formation that are based on individual actions only. Our approach is grounded in three simple and realistic principles: (1) Link formation should be a binary process of consent. (2) Link formation should be costly. (3) The class...

We consider game theoretic models of social network formation. In this paper, we limit our investigation to game theoretic models of network formation that are based on individual actions only. Our approach is based on three simple and realistic principles: (1) Link formation is a binary process...

We examine the process of building social relationships as a non-cooperative game that requires mutual consent and involves reaching out to others at a cost. Players create their social network from amongst their set of acquaintances. Having acquaintances allows players to form naive beliefs...

In this paper we consider four different game-theoretic approaches to describe the formation of social networks under mutual consent and costly communication. First, we consider Jackson-Wolinsky’s concept of pairwise stability. Next, we introduce a stronger version of this concept based on...

Recently a variety of link-based stability concepts have emerged in the literature on game theoretic models of social network formation. We investigate two basic formation properties that establish equivalence between some well known types of stable networks and their natural extensions. These...

We consider two different approaches to describe the formation of social networks under mutual consent and costly communication. First, we consider a network-based approach; in particular Jackson-Wolinsky's concept of pairwise stability. Next, we discuss a non-cooperative game-theoretic...