The formation of networks with transfers among players
| Autor: | Matthew O. Jackson, Francis Bloch |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2007 |
| Předmět: |
Structure (mathematical logic)
Economics and Econometrics jel:C71 05 social sciences jel:C72 jel:A14 Strategic Network Formation Subsidy Network formation Microeconomics Networks Network games Network formation Game theory Efficient networks Side payments Transfers Bargaining Externalities Transfer payment 0502 economics and business Economics 050207 economics Set (psychology) Game theory Externality 050205 econometrics |
| Popis: | We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link formation. One aspect is whether players can only make and receive transfers to other players to whom they are directly linked, or whether they can also subsidize links that they are not directly involved in. Another aspect is whether or not transfers related to a given link can be made contingent on the full resulting network or only on the link itself. A final aspect is whether or not players can pay other players to refrain from forming links. We characterize the networks that are supported under these variations and show how each of the above aspects is related either to accounting for a specific type of externality, or to dealing with the combinatorial nature of network payoffs. |
| Databáze: | OpenAIRE |
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