Networks and farsighted stability
Page, Frank H., Wooders, Myrna Holtz and Kamat, Samir (2001) Networks and farsighted stability. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.621).
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The main contribution of this paper is to provide a framework in which the notion of farsighed stability for games, introduced by Chwe (1994) can be applied to directed networks. Then, using Chwe's basic result on the nonemptiness of farsightedly stable sets for games, we show that for any given collection of directed networks and any given collection of rules governing network formation, there exists a farsightedly stable directed network.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HM Sociology
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Business networks, Organizational sociology, Economics -- Sociological aspects, Organizational behavior, Social stability|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||December 2001|
|Number of Pages:||9|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Description:||Original version, July 2001; this version, December 2001|
|Adapted As:||Page, F.H., Wooders, M.H. and Kamat, S. (2002). Networks and Farsighted Stability. [Coventry] : University of Warwick, Economics Department. (Warwick economic research papers, no.660).|
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