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Stable and Farsighted Set of Networks

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  • Jorge Hugo Barrientos Marín

Abstract

In this paper we propose a model of network formation where the individual are farsighted. In other words, the player are able to see ahead and take decisions about changes on network structure. This characteristic means the agent's decisions that could change a network are not based on current payoffs but where they expect the process going to arrive. hence, this feature becomes the main contribution of this paper. The other hand, the formation process proposed here rest on the crucial notion of Largest Consistent Set. It one is a notion common in Social situations Theory.

Suggested Citation

  • Jorge Hugo Barrientos Marín, 2005. "Stable and Farsighted Set of Networks," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 62, pages 191-205, Enero-Jun.
    • Handle: RePEc:lde:journl:y:2005:i:62:p:191-205
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/327
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    References listed on IDEAS

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    1. Watts, Alison, 2001. "A Dynamic Model of Network Formation," Games and Economic Behavior, Elsevier, vol. 34(2), pages 331-341, February.
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    More about this item

    Keywords

    Game theory and bargaining theory; cooperative games and non-cooperative games.;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • 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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