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Persistent link: https://www.econbiz.de/10012495401
We study the structure of pairwise stable networks from a very general point. Rather than assuming a particular functional form of utility, we simply assume that the society is homogeneous, i.e. that agents' utilities differ only with respect to their network position while their names do not...
Persistent link: https://www.econbiz.de/10010427185
We study the structure of pairwise stable networks from a very general point. Rather than assuming a particular functional form of utility, we simply assume that the society is homogeneous, i.e. that agents’ utilities differ only with respect to their network position while their names do not...
Persistent link: https://www.econbiz.de/10010897075
In this paper we show how externalities between links affect the existence and uniqueness of pairwise stable (PS) networks. For this we introduce the properties ordinal convexity (concavity) and ordinal strategic complements (substitutes) of utility functions on networks. It is shown that there...
Persistent link: https://www.econbiz.de/10010845480
We study the structure of pairwise stable networks from a very general point. Rather than assuming a particular functional form of utility, we simply assume that the society is homogeneous, i.e. that agents' utilities differ only with respect to their network position while their names do not...
Persistent link: https://www.econbiz.de/10010386357