Forming Efficient Networks

David Perez-Castrillo () and David Wettstein ()
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David Wettstein: http://pareto.uab.es/dperez

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: In this paper, we suggest a simple sequential mechanism whose subgame perfect equilibria give rise to efficient networks. Moreover, the payoffs received by the agents coincide with their Shapley value in an appropriately defined cooperative game.

Keywords: Networks; Implementation; Shapley Value (search for similar items in EconPapers)
JEL-codes: C71 C72 (search for similar items in EconPapers)
Date: 2004-04-15

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Journal Article: Forming efficient networks (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:aub:autbar:609.04

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