Page, Frank H. and Wooders, Myrna Holtz (2007) Networks and clubs. In: CERMSEM Conference 2006, Paris, France, Jun 2006. Published in: Journal of Economic Behavior & Organization, Vol.64 (No.3-4). pp. 406-425. ISSN 0167-2681. doi:10.1016/j.jebo.2007.01.003

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Abstract

We formulate a club model where players' have identical single-peaked preferences over club sizes as a network formation game. For situations with "many" clubs, we provide necessary and sufficient for nonemptiness of the farsighted core and the direct (or myopic) core. With "too few" clubs, if players are farsighted then the farsighted core is empty. In this same case, if players are myopic then the direct core is always nonempty and, for any club network in the direct core, clubs are of nearly equal size (i.e., clubs differ in size by at most one member).

Item Type:	Conference Item (Paper)
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Social Sciences > Economics
Journal or Publication Title:	Journal of Economic Behavior & Organization
Publisher:	Elsevier BV * North-Holland
ISSN:	0167-2681
Official Date:	November 2007
Dates:	Date Event November 2007 Published
Volume:	Vol.64
Number:	No.3-4
Number of Pages:	20
Page Range:	pp. 406-425
DOI:	10.1016/j.jebo.2007.01.003
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Conference Paper Type:	Paper
Title of Event:	CERMSEM Conference 2006
Type of Event:	Conference
Location of Event:	Paris, France
Date(s) of Event:	Jun 2006

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