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In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to … for any network-coalition pair to persist and be stable (pairwise, strong, or Nash) it is necessary and sufficient that …
Persistent link: https://www.econbiz.de/10013158452
This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...
Persistent link: https://www.econbiz.de/10010357983
In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to … for any network-coalition pair to persist and be stable (pairwise, strong, or Nash) it is necessary and sufficient that …
Persistent link: https://www.econbiz.de/10008811035
Persistent link: https://www.econbiz.de/10003806876
Persistent link: https://www.econbiz.de/10011448771
Persistent link: https://www.econbiz.de/10011980694
In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to … dynamics the notions of pairwise stability (Jackson-Wolinsky, 1996), strong stability (Jackson-van den Nouweland, 2005), and …, or Nash) it is necessary and sufficient that the pair reside in one of finitely many basins of attraction - and hence …
Persistent link: https://www.econbiz.de/10014210432
establish a link between the generic network and its partitioned or quotient graph, and use it to relate the Nash equilibrium …
Persistent link: https://www.econbiz.de/10014357006
whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the …
Persistent link: https://www.econbiz.de/10011812108
whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the …
Persistent link: https://www.econbiz.de/10011790364