Networks and Farsighted Stability

Page, Frank H.,, Myrna Wooders and Samir Kamat

No 269395, Economic Research Papers from University of Warwick - Department of Economics

Abstract: We provide a new framework for the analysis of network formation and demonstrate the existence of farsightedly consistent directed networks. Our framework extends the standard notion of a network and also introduces the notion of a supernetwork. A supernetwork is made up of a collection of directed networks (the nodes) and represents (via the arcs connecting the nodes) preferences and rules governing network formation. By extending Chwe’s 1994 result on the nonemptiness of farsightedly consistent sets, we show that for any supernetwork there exists a nonempty subset of farsightedly consistent directed networks.

Keywords: Agricultural and Food Policy; Industrial Organization (search for similar items in EconPapers)
Pages: 15
Date: 2004-03-03
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Related works:
Journal Article: Networks and farsighted stability (2005)
Working Paper: Networks and Farsighted Stability (2004)
Working Paper: Networks and Farsighted Stability (2003)
Working Paper: Networks and Farsighted Stability (2003)
Working Paper: Networks and Farsighted Stability (2002)
Working Paper: NETWORKS AND FARSIGHTED STABILITY (2002)
Working Paper: NETWORKS AND FARSIGHTED STABILITY (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269395

DOI: 10.22004/ag.econ.269395

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