Billand, Pascal; Bravard, Christophe; Sarangi, Sudipta - Groupe d'Analyse et de Théorie Économique Lyon … - 2011
In this paper, we pursue the work of H. Haller and al. (2005, [10]) and examine the existence of equilibrium networks …, called Nash networks, in the noncooperative two-way flow model (Bala and Goyal, 2000, [1]) with partner heterogeneous agents …. We show through an example that Nash networks do not always exist in such a context. We then restrict the payoff function …