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Consensus through connections

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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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    4. 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.
    5. Goyal, Sanjeev & Joshi, Sumit, 2004. "Erratum to "Networks of collaboration in oligopoly": [Games Econ. Behav. 43 (1) (2003) 57-85]," Games and Economic Behavior, Elsevier, vol. 46(1), pages 219-219, January.
    6. Venkatesh Bala & Sanjeev Goyal, 2000. "A Noncooperative Model of Network Formation," Econometrica, Econometric Society, vol. 68(5), pages 1181-1230, September.
    7. Charness, Gary B & Jackson, Matthew O., 2006. "Group Play in Games and the Role of Consent in Network Formation," University of California at Santa Barbara, Economics Working Paper Series qt3wd3q7qz, Department of Economics, UC Santa Barbara.
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