players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …

-cooperative Nash equilibrium to a situation of fully harmonized tax rates. A standard two-country model of capital tax competition is …

equilibrium is not robust to even very small transaction costs. Thus we cast doubt on Coaseian claims of universal efficiency …

equilibrium networks are nested split graphs. Additionally, we show that the game is a potential game, even when we introduce …

) > 0, then no (nonconstant) continuous symmetric equilibrium exists. We study in detail the case in which players' private … equilibrium exists, a nondegenerate continuum of continuous equilibria exists. For any given cost of the good, multiple continuous … interim incentive efficient equilibria is exactly determined. When one interim incentive efficient equilibrium exists, a …

equilibria. Imagine a social planner whose scope is to find an optimal equilibrium, i.e. one in which the number of nodes playing … 1 is minimal. To find such an equilibrium is a very hard task for any non-trivial network architecture. We propose an … implementable mechanism that, in the limit of infinite time, reaches an optimal equilibrium, even if this equilibrium and even the …

-day definition of Lindahl equilibrium. It describes how the ideas expressed by Lindahl (1919) developed into the equilibrium concept … for public good economies that now carries Lindahl's name. The paper also touches on a seemingly forgotten equilibrium … concept for public good economies known as ratio equilibrium, and explains that from an axiomatic perspective this equilibrium …

equilibria. Imagine a social planner whose scope is to find an optimal equilibrium, i.e. one in which the number of nodes playing … 1 is minimal. To find such an equilibrium is a very hard task for any non-trivial network architecture. We propose an … implementable mechanism that, in the limit of infinite time, reaches an optimal equilibrium, even if this equilibrium and even the …

Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path … supported in equilibrium by the largest set of beliefs. We conduct experiments to test the predictive power of the existing and …