wage dispersion is inefficient in terms of network formation. Under complete recall (firms can go back and forth between …

friction affects network formation, while the second coordination friction affects network clearing. We show that those … terms of network formation. Under complete recall (firms can go back and forth between all their candidates) only wage …

We study network formation with <em>n players</em> and link cost <em>α </em> > 0. After the network is built, an …

Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes … agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …

This paper presents a game-theoretic model of network formation, which allows agents to enter bilateral alliances and …

Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes … agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …

frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and … network formation. Under complete recall(firms can go back and forth between all their candidates) only wage mechanismsthat …

Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes … agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …. -- Network Formation ; Experiment ; Myopic and Farsighted Stability …