NETWORK TOPOLOGY, HIGHER ORDERS OF STABILITY AND EFFICIENCY

Subhadip Chakrabarti and Supanit Tangsangasaksri ()
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Supanit Tangsangasaksri: Department of Economics, Thammasat University, Bangkok, Thailand

International Game Theory Review (IGTR), 2014, vol. 16, issue 04, 1-21

Abstract: Stable networks of orderrwhereris a natural number refer to those networks that are immune to coalitional deviation of sizeror less. In this paper, we introduce stability of a finite order and examine its relation with efficient networks under anonymous and component additive value functions and the component-wise egalitarian allocation rule. In particular, we examine shapes of networks or network architectures that would resolve the conflict between stability and efficiency in the sense that if stable networks assume those shapes they would be efficient and if efficient networks assume those shapes, they would be stable with minimal further restrictions on value functions.

Keywords: Stability of orderr; efficiency; network architecture; C62; C71 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2014
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Working Paper: Network Topology, Higher Orders of Stability and Efficiency (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:igtrxx:v:16:y:2014:i:04:n:s0219198914500108

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DOI: 10.1142/S0219198914500108

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