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Forming Efficient Networks

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Author Info
David Pérez-Castrillo
David Wettstein ()

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Abstract

In this paper, we suggest a simple sequential mechanism whose subgame perfect equilibria give rise to efficient networks. Moreover, the payoffs received by the agents coincide with their Shapley value in an appropriately defined cooperative game.

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Publisher Info
Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 609.04.

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Length: 7
Date of creation: 15 Apr 2004
Date of revision:
Handle: RePEc:aub:autbar:609.04

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Related research
Keywords: Networks; Implementation; Shapley Value;

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Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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This page was last updated on 2009-11-14.

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