We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … network or only on the link itself. A final aspect is whether or not players can pay other players to refrain from forming … related either to accounting for a specific type of externality, or to dealing with the combinatorial nature of network …

Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of … alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …

objectives here are to model the structure and strategy of interactions prevailing at any point in time as a directed network and … to address the following open question in the theory of social and economic network formation: given the rules of network … networks, and the trembles of nature, what network and coalitional dynamics are likely to emerge and persist. Our main …