| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Strategic Basins of Attraction, the Farsighted Core, and Network Formation Games | |
| Frank H. Page; Jr.; Myrna H Wooders | |
| 发表日期 | 2005 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We make four main contributions to the theory of network formation. (1) The problem of network formation with farsighted agents can be formulated as an abstract network formation game. (2) In any farsighted network formation game the feasible set of networks contains a unique, finite, disjoint collection of nonempty subsets having the property that each subset forms a strategic basin of attraction. These basins of attraction contain all the networks that are likely to emerge and persist if individuals behave farsightedly in playing the network formation game. (3) A von Neumann Morgenstern stable set of the farsighted network formation game is constructed by selecting one network from each basin of attraction. We refer to any such von Neumann-Morgenstern stable set as a farsighted basis. (4) The core of the farsighted network formation game is constructed by selecting one network from each basin of attraction containing a single network. We call this notion of the core, the farsighted core. We conclude that the farsighted core is nonempty if and only if there exists at least one farsighted basin of attraction containing a single network. To relate our three equilibrium and stability notions (basins of attraction, farsighted basis, and farsighted core) to recent work by Jackson and Wolinsky (1996), we define a notion of pairwise stability similar to the Jackson-Wolinsky notion and we show that the farsighted core is contained in the set of pairwise stable networks. Finally, we introduce, via an example, competitive contracting networks and highlight how the analysis of these networks requires the new features of our network formation model. |
| 特色分类 | A14,D20,J00 |
| 关键词 | Basins of attraction,Network formation,Supernetworks,Farsighted core,Nash networks |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/strategic-basins-of-attraction-the-farsighted-core-and-network-formation-games/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117149 |
| 推荐引用方式 GB/T 7714 | Frank H. Page,Jr.,Myrna H Wooders. Strategic Basins of Attraction, the Farsighted Core, and Network Formation Games. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2005-036.pdf（466KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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