From bilateral two-way to unilateral one-way flow link-formation

被引:0
|
作者
Norma Olaizola
Federico Valenciano
机构
[1] Universidad del País Vasco,Departamento de Fundamentos del Análisis Económico I
[2] Universidad del País Vasco,Departamento de Economía Aplicada IV
来源
SERIEs | 2016年 / 7卷
关键词
Network formation; Unilateral link-formation; Bilateral link-formation; Efficiency; Stability; Dynamics; A14; C72; D85;
D O I
暂无
中图分类号
学科分类号
摘要
We provide a model that allows for a transition between the simplest variation of two basic models of strategic network formation: Bala and Goyal’s one-way flow model without decay, where links can be unilaterally formed, and a version without decay of Jackson and Wolinsky’s connections model based on bilateral formation of links. In the transitional model introduced here, these two benchmark models appear as extreme cases. We study efficiency and Nash, strict Nash and pairwise Nash stability for the intermediate model. Dynamics are also discussed.
引用
收藏
页码:257 / 278
页数:21
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