EconPapers    
Economics at your fingertips  
 

Towards a solution concept for network formation games

Andrea Gallo () and Claudia Meroni

Economics Letters, 2021, vol. 198, issue C

Abstract: Network formation games (Myerson, 1991) typically present a multiplicity of Nash equilibria. Some of them are such that mutually beneficial links are not formed, thus inducing networks that are not pairwise stable. We offer an equilibrium refinement for this class of games which naturally involves pairwise stability while guaranteeing admissibility.

Keywords: Network formation games; Equilibrium refinement; Pairwise stability (search for similar items in EconPapers)
JEL-codes: C62 C72 D85 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176520304316
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:198:y:2021:i:c:s0165176520304316

DOI: 10.1016/j.econlet.2020.109671

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:ecolet:v:198:y:2021:i:c:s0165176520304316