Local Spillovers, Convexity and the Strategic Substitutes Property in Networks

Pascal Billand, Christophe Bravard () and Sudipta Sarangi
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Christophe Bravard: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: We provide existence results in a game with local spillovers where the payoff function satisfies both convexity and the strategic substitutes property. We show that there always exists a stable pairwise network in this game, and provide a condition which ensures the existence of pairwise equilibrium networks. Moreover, our existence proof allows us to characterize a pairwise equilibrium of these networks.

Keywords: networks; existence; spillovers (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cse, nep-net and nep-ure
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00574265v1
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Citations: View citations in EconPapers (1)

Published in 2011

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Related works:
Working Paper: Local Spillovers, Convexity and the Strategic Substitutes Property in Networks (2011)
Working Paper: Local Spillovers, Convexity and the Strategic Substitutes Property in Networks (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00574265

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