Allocating value among farsighted players in network formation

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 137
Issue: C
Pages: 50-53

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the stability of networks when players are farsighted and allocations are determined endogenously. The set of strongly efficient networks is the unique von Neumann–Morgenstern farsightedly stable set with bargaining if the value function is anonymous, component additive and top convex and the allocation rule is anonymous and component efficient. Moreover, the componentwise egalitarian allocation rule emerges endogenously.

Technical Details

RePEc Handle
repec:eee:ecolet:v:137:y:2015:i:c:p:50-53
Journal Field
General
Author Count
3
Added to Database
2026-01-25