On efficiency and stability in two-way flow network with small decay : a note

Banchongsan Charoensook

Most literature in strategic network formation shows that there is a substantial tension between stability and efficiency. In this note, I show that such is not the case in the twoway flow model with small decay studied by Bala and Goyal (2000a) and De Jaegher and Kamphorst (2015). Specifically, I show that every link receiver in a Nash network serves as an efficient trans-mitter of information. I also generalize this result to the case of player hetero-geneity and then provide a fine-detail characterization of effiicient networks.

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Year of publication:	May 2022
Authors:	Charoensook, Banchongsan
Publisher:	Milano, Italia : Fondazione Eni Enrico Mattei
Subject:	Network Formation \| Nash Network \| Two-way Flow Network \| Agent Heterogeneity \| Efficient Network \| Netzwerk \| Network \| Nash-Gleichgewicht \| Nash equilibrium \| Nichtkooperatives Spiel \| Noncooperative game \| Soziales Netzwerk \| Social network \| Unternehmensnetzwerk \| Business network \| Spieltheorie \| Game theory \| Informationsverbreitung \| Information dissemination

Extent:	1 Online-Ressource (circa 30 Seiten) Illustrationen
Series:	Working paper. - Milan : [Verlag nicht ermittelbar], ZDB-ID 2217241-5. - Vol. 2022, 12
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/263900 [Handle]
Classification:	C72 - Noncooperative Games ; D85 - Network Formation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013254442