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We study the stability of social and economic networks when players are farsighted. In particular, we examine whether the networks formed by farsighted players are different from those formed by myopic players. We adopt Herings, Mauleon and Vannetelbosch’s (Games and Economic Behavior,...
Persistent link: https://www.econbiz.de/10014205799
We study the stability of social and economic networks when players are farsighted. We first provide an algorithm that characterizes the unique pairwise and groupwise farsightedly stable set of networks under the componentwise egalitarian allocation rule. We then show that this set coincides...
Persistent link: https://www.econbiz.de/10009751971
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether the networks formed by farsighted players are different from those formed by myopic players. We adopt Herings, Mauleon and Vannetelbosch's (Games and Economic Behavior,...
Persistent link: https://www.econbiz.de/10008811032
Persistent link: https://www.econbiz.de/10009411503
Persistent link: https://www.econbiz.de/10010204237
Persistent link: https://www.econbiz.de/10011701612
We develop a theoretical framework that allows us to study which bilateral links and coalition structures are going to emerge at equilibrium. We define the notion of coalitional network to represent a network and a coalition structure, where the network specifies the nature of the relationship...
Persistent link: https://www.econbiz.de/10014205749
We reconsider de Marti and Zenou (2017) model of friendship network formation where individuals belong to two different communities and costs of forming links depend on community memberships. Many inefficient friendship networks such as segregation can arise when all individuals are myopic. Once...
Persistent link: https://www.econbiz.de/10014076884
We study the formation of R&D networks when firms can be either myopic or farsighted. Stability leads to R&D networks consisting of either asymmetric components or nearly symmetric components. Farsighted firms have in average more collaborations but myopic firms can be central for spreading the...
Persistent link: https://www.econbiz.de/10014080784
Individuals are embedded in a network of relationships and they can be victims, bystanders, or perpetrators of bullying and harassment. Each individual decides non-cooperatively how much effort to exert in preventing misbehavior. Each individual’s optimal effort depends on the contextual...
Persistent link: https://www.econbiz.de/10014082902