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.
|Date of creation:||Jul 2008|
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- MUTUSWAMI, Suresh & WINTER, Eyal, 2000.
"Subscription mechanisms for network formation,"
CORE Discussion Papers
2000020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
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