Local Spillovers, Convexity and the Strategic Substitutes Property in Networks
We provide existence results in a game with local spillovers where the payoff function satisfies both convexity and the strategic substitutes property. We show that there always exists a stable pairwise network in this game, and provide a condition which ensures the existence of pairwise equilibrium networks. Moreover, our existence proof allows us to characterize a pairwise equilibrium of these networks.
|Date of creation:|
|Contact details of provider:|| Postal: Baton Rouge, LA 70803-6306|
Web page: http://www.business.lsu.edu/economics
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Taiji Furusawa & Hideo Konishi, 2003.
"Free Trade Networks,"
2003.55, Fondazione Eni Enrico Mattei.
- Sanjeev Goyal & Sumit Joshi, 2006. "Unequal connections," International Journal of Game Theory, Springer;Game Theory Society, vol. 34(3), pages 319-349, October.
- Paul Belleflamme & Francis Bloch, 2001.
"Market Sharing Agreements and Collusive Networks,"
443, Queen Mary University of London, School of Economics and Finance.
- Pascal Billand & Christophe Bravard & Sudipta Sarangi, 2012.
"Directed networks with spillovers,"
When requesting a correction, please mention this item's handle: RePEc:lsu:lsuwpp:2011-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.