A note on 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. Copyright Springer Science+Business Media New York 2013

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Year of publication:	2013
Authors:	Billand, Pascal ; Bravard, Christophe ; Sarangi, Sudipta
Published in:	Theory and Decision. - Springer. - Vol. 75.2013, 2, p. 293-304
Publisher:	Springer
Subject:	Networks \| Existence \| Spillovers

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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