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

This paper studies adaptive learning in the class of weighted network games. This class of games includes applications … like research and development within interlinked firms, crime within social networks, the economics of pollution, and … defense expenditures within allied nations. We show that for every weighted network game, the set of pure Nash equilibria is …

This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as … the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are … robust features of equilibrium networks. We find that in a society with many groups, where it is cheaper to connect within …

This paper studies a non-cooperative model of network formation. Built upon the two-way flow model of Bala and Goyal … number of his links. This assumption results in the fact that a large set of Nash networks are disconnected and consist of … components of different sizes, a feature that resembles that of real-world networks. Discussions on this insight are provided …

empty or complete network are always pairwise stable, stable symmetric networks exist, or stable networks with a connected …We study the structure of pairwise stable networks from a very general point. Rather than assuming a particular … respect to their network position while their names do not matter. Existence of certain stable network structures is then …

This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity … two assumptions influence important properties of Strict Nash networks. Built upon the findings of Billand et al (2011 …, I provide a proposition that generalizes the results of these two models by stating that: (i) Strict Nash network …

This paper studies a noncooperative model of network formation. Built upon the two-way flow model of Bala and Goyal … number of his links. This assumption results in the fact that a large set of Nash networks are disconnected and consist of … components of different sizes, a feature that resembles that of real-world networks. Discussions on this insight are provided. …