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Chain stability in trading networks
Hatfield, John William; Kominers, Scott Duke; Nichifor, … - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 197-234
In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept … that plays the same role as pairwise stability in two-sided settings. We show that chain stability is equivalent to … stability if all agents' preferences are jointly fully substitutable and satisfy the Laws of Aggregate Supply and Demand. In the …
Persistent link: https://www.econbiz.de/10012415626
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Contagion in stable networks
Bougheas, Spiros P. - 2017
We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...
Persistent link: https://www.econbiz.de/10011735929
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Contagion in stable networks
Bougheas, Spiros P. - 2017
We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...
Persistent link: https://www.econbiz.de/10011737578
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Chapter 12. An Overview of Social Networks and Economic Applications
Jackson, Matthew O. - In: Handbook of social economics : volume 1, (pp. 511-585). 2011
In this chapter, I provide an overview of research on social networks and their role in shaping behavior and economic outcomes. I include discussion of empirical and theoretical analyses of the role of social networks in markets and exchange, learning and diffusion, and network games. I also...
Persistent link: https://www.econbiz.de/10014025691
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Multilateral bargaining in networks : on the prevalence of inefficiencies
Lee, Joosung - 2015
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out their communication links with upfront transfers....
Persistent link: https://www.econbiz.de/10011279698
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Strategic formation of homogeneous bargaining networks
Gauer, Florian - 2014
bargaining outcomes to be substantially narrowed down provided pairwise stability. Further, we find that for sufficiently high …
Persistent link: https://www.econbiz.de/10010458499
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Strategic formation of homogeneous bargaining networks
Gauer, Florian - 2015 - First Version: December 2014, This Version: July 2015
outcomes to be substantially narrowed down provided pairwise stability. Further, for sufficiently high costs the pairwise …
Persistent link: https://www.econbiz.de/10011296326
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Overlapping coalitions, bargaining and networks
Agbaglah, Messan; Ehlers, Lars H. - 2010
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
Persistent link: https://www.econbiz.de/10008737140
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Multilateral Bargaining in Networks : On the Prevalence of Inefficiencies
Lee, Joosung - 2015
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out their communication links with upfront transfers....
Persistent link: https://www.econbiz.de/10013021336
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Overlapping Coalitions, Bargaining and Networks
Agbaglah, Messan; Ehlers, Lars - 2010
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
Persistent link: https://www.econbiz.de/10014190389