Networks with Group Counterproposals
We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous transfer selection in a Nash demand like game in each period. Players in groups can counterpropose. We give necessary and sufficient conditions for efficiency in terms of cyclical monotonicity. The n-player group version always yields efficiency.
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- Suresh Mutuswami & Eyal Winter, 2001.
"Subscription Mechanisms for Network Formation,"
Discussion Paper Series
dp264, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
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