In the spirit of Von Neumann and Morgenstern (Theory of games and economic behavior, Princeton University Press, Princeton, 1944), we introduce a notion of network stability. We study the structure of stable economic networks and their associated stable payoff allocations by analyzing the conditions under which complete networks and star networks (both with desirable property of inclusiveness) are stable. We also address conditions for existence and uniqueness of stable set of networks.
机构:
Cambridge INET, Fac Econ, Cambridge, England
Jesus Coll, Cambridge, EnglandCambridge INET, Fac Econ, Cambridge, England
Elliott, Matthew L.
Goyal, Sanjeev
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机构:
Cambridge INET, Fac Econ, Cambridge, England
Univ Cambridge Christs Coll, Cambridge, EnglandCambridge INET, Fac Econ, Cambridge, England
Goyal, Sanjeev
Teytelboym, Alexander
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机构:
Oxford Martin Sch, Inst New Econ Thinking, Dept Econ, Oxford, England
St Catherines Coll, Oxford, EnglandCambridge INET, Fac Econ, Cambridge, England
机构:
Univ Greenwich, Fac Business, London SE10 9LS, England
Univ Greenwich, Fac Business, Doctoral Programme, London SE10 9LS, EnglandUniv Greenwich, Fac Business, London SE10 9LS, England
Tubaro, Paola
SOCIOLOGY-THE JOURNAL OF THE BRITISH SOCIOLOGICAL ASSOCIATION,
2014,
48
(02):
: 410
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416