Currarini, Sergio; Morelli, Massimo - In: Review of Economic Design 5 (2000) 3, pp. 229-249
This paper introduces a non-cooperative game-theoretic model of sequential network formation, in which players propose links and demand payoffs. Payoff division is therefore endogenous. We show that if the value of networks satisfies size monotonicity, then each and every equilibrium network is...