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Consensus through connections

Author

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  • Sarkhel, Manish
  • Gupta, Sonakshi

Abstract

A network formation model with linear–quadratic costs and strategic complementarities between agents highlighting group cohesion resulting from bilateral agreements is developed. Implications for stability under different network structures are discussed.

Suggested Citation

  • Sarkhel, Manish & Gupta, Sonakshi, 2023. "Consensus through connections," Economics Letters, Elsevier, vol. 232(C).
    • Handle: RePEc:eee:ecolet:v:232:y:2023:i:c:s0165176523003555
    DOI: 10.1016/j.econlet.2023.111330
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    References listed on IDEAS

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    1. Gilles, Robert P. & Chakrabarti, Subhadip & Sarangi, Sudipta, 2012. "Nash equilibria of network formation games under consent," Mathematical Social Sciences, Elsevier, vol. 64(2), pages 159-165.
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    3. Goyal, Sanjeev & Joshi, Sumit, 2003. "Networks of collaboration in oligopoly," Games and Economic Behavior, Elsevier, vol. 43(1), pages 57-85, April.
    4. Yann Bramoullé & Habiba Djebbari & Bernard Fortin, 2020. "Peer Effects in Networks: A Survey," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 603-629, August.
    5. Charness, Gary & Jackson, Matthew O., 2007. "Group play in games and the role of consent in network formation," Journal of Economic Theory, Elsevier, vol. 136(1), pages 417-445, September.
    6. Venkatesh Bala & Sanjeev Goyal, 2000. "A Noncooperative Model of Network Formation," Econometrica, Econometric Society, vol. 68(5), pages 1181-1230, September.
    7. Nicolò Pagan & Florian Dörfler, 2019. "Game theoretical inference of human behavior in social networks," Nature Communications, Nature, vol. 10(1), pages 1-12, December.
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