Network formation with sequential demands
Network formation with sequential demands
复制标题
具有顺序需求的网络形成
DOI:
10.1007/978-3-540-24790-6_12
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发表时间:
2000
影响因子:
0.7
通讯作者:
M. Morelli
中科院分区:
文献类型:
--
作者:
S. Currarini;M. Morelli
This paper introduces a non-cooperative game-theoretic model of sequential network formation, in which players propose links and demand payoffs. Payoff division is therefore endogenous. We show that if the value of networks satisfies size monotonicity, then each and every equilibrium network is efficient. The result holds not only when players make absolute participation demands, but also when they are allowed to make link-specific demands.