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Symmetric convex games and stable structures

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Author Info
Slikker, M.
Norde, H.W. (Tilburg University, Center for Economic Research)

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Abstract

We study the model of link formation that was introduced by Aumann and Myerson (1988) and focus on symmetric convex games with transferable utilities. We answer an open question in the literature by showing that in a specific symmetric convex game with six players a structure that results in the same payoffs as the full cooperation structure can be formed according to a subgame perfect Nash equilibrium.

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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 114.

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Date of creation: 2004
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Handle: RePEc:dgr:kubcen:2004114

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Web page: http://center.uvt.nl

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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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  1. Jackson, Matthew O., 2005. "Allocation rules for network games," Games and Economic Behavior, Elsevier, vol. 51(1), pages 128-154, April. [Downloadable!] (restricted)
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  2. Stef Tijs & Anne van den Nouweland & Bhaskar Dutta, 1998. "Link formation in cooperative situations," International Journal of Game Theory, Springer, vol. 27(2), pages 245-256. [Downloadable!] (restricted)
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  3. Slikker, Marco & Norde, Henk, 2004. "Incomplete stable structures in symmetric convex games," Games and Economic Behavior, Elsevier, vol. 48(1), pages 171-200, July. [Downloadable!] (restricted)
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  4. Jackson, Matthew O. & Wolinsky, Asher, 1996. "A Strategic Model of Social and Economic Networks," Journal of Economic Theory, Elsevier, vol. 71(1), pages 44-74, October. [Downloadable!] (restricted)
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  5. Matthew O. Jackson & Anne van den Nouweland, 2001. "Strongly Stable Networks," Grand Coalition 7, Grand Coalition Web Site. [Downloadable!]
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