Forming Efficient Networks
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.
|Date of creation:||15 Apr 2004|
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- David Pérez-Castrillo & David Wettstein, "undated".
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UFAE and IAE Working Papers
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"Allocation Rules for Network Games,"
1160, California Institute of Technology, Division of the Humanities and Social Sciences.
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971, California Institute of Technology, Division of the Humanities and Social Sciences.
- Mutuswami, Suresh & Perez-Castrillo, David & Wettstein, David, 2004. "Bidding for the surplus: realizing efficient outcomes in economic environments," Games and Economic Behavior, Elsevier, vol. 48(1), pages 111-123, July.
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