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Networks and farsighted stability
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Page Jr., Frank H., Wooders, Myrna H. and Kamat, Samir (2005) Networks and farsighted stability. In: Workshop on Networks and Coalition Formation, Coventry, Jul 2001. Published in: Journal of Economic Theory, 120 (2). pp. 257-269. doi:10.1016/j.jet.2004.02.007 ISSN 0022-0531.
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Official URL: http://dx.doi.org/10.1016/j.jet.2004.02.007
Abstract
We provide a new framework for the analysis of network formation and demonstrate the existence of farsightedly consistent directed networks. Our framework extends the standard notion of a network and also introduces the notion of a supernetwork. A supernetwork is made tip of a collection of directed networks (the nodes) and represents (via the arcs connecting the nodes) preferences and rules governing network formation. By extending Chwe's 1994 result oil the nonemptiness of farsightedly consistent sets, we show that for any supernetwork there exists a nonernpty subset of farsightedly consistent directed networks. (C) 2004 Elsevier Inc. All rights reserved.
Item Type: | Conference Item (Paper) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | Journal of Economic Theory | ||||
Publisher: | Academic Press | ||||
ISSN: | 0022-0531 | ||||
Official Date: | February 2005 | ||||
Dates: |
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Volume: | 120 | ||||
Number: | 2 | ||||
Number of Pages: | 13 | ||||
Page Range: | pp. 257-269 | ||||
DOI: | 10.1016/j.jet.2004.02.007 | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Adapted As: | b, E-mail the corresponding author, | ||||
Conference Paper Type: | Paper | ||||
Title of Event: | Workshop on Networks and Coalition Formation | ||||
Type of Event: | Other | ||||
Location of Event: | Coventry | ||||
Date(s) of Event: | Jul 2001 |
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