original papers : Network formation with sequential demands
AbstractThis paper introduces a non-cooperative game-theoretic model of sequential network formation, in which players propose links and demand payoffs. Payoff division is therefore endogenous. We show that if the value of networks satisfies size monotonicity, then each and every equilibrium network is efficient. The result holds not only when players make absolute participation demands, but also when they are allowed to make link-specific demands.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 5 (2000)
Issue (Month): 3 ()
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- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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- Matthew O. Jackson & Anne van den Nouweland, 2002.
"Strongly Stable Networks,"
- Matthew O. Jackson, 2001. "Strongly Stable Networks," University of Oregon Economics Department Working Papers 2001-3, University of Oregon Economics Department, revised 15 Nov 2002.
- Jackson, Matthew O. & van den Nouweland, Anne, 2002. "Strongly Stable Networks," Working Papers 1147, California Institute of Technology, Division of the Humanities and Social Sciences.
- Matthew O. Jackson, 2003.
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Game Theory and Information
- David Pérez-Castrillo & David Wettstein, 2004.
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UFAE and IAE Working Papers
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- MUTUSWAMI, Suresh & WINTER, Eyal, 2000.
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- Johari, Ramesh & Mannor, Shie & Tsitsiklis, John N., 2006. "A contract-based model for directed network formation," Games and Economic Behavior, Elsevier, vol. 56(2), pages 201-224, August.
- Filippo Vergara Caffarelli, 2009. "Networks with decreasing returns to linking," Temi di discussione (Economic working papers) 734, Bank of Italy, Economic Research and International Relations Area.
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- PAPACCIO, Anna, 2013. "Bilateralism and Multilateralism: a Network Approach," CELPE Discussion Papers 125, CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy.
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