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dc.contributor.authorChakrabarti, Subhadipen_US
dc.contributor.authorGilles, Robert Paulen_US
dc.description.abstractA network payoff function assigns a utility to all participants in a (social) network. In this paper we discuss properties of such network payoff functions that guarantee the existence of certain types of pairwise stable networks and the convergence of certain network formation processes. In particular we investigate network payoff functions that admit an exact network potential or an ordinal network potential. We relate these network potentials to exact and ordinal potentials of a non-cooperative network formation game based on consent in link formation. Our main results extend and strengthen the current insights in the literature on game theoretic approaches to social network formation.en_US
dc.relation.ispartofseriesBonn econ discussion papers 2005,28en_US
dc.subject.keywordNetwork formationen_US
dc.subject.keywordpairwise stabilityen_US
dc.subject.keywordpotential functionsen_US
dc.titleNetwork Potentialsen_US
dc.typeWorking Paperen_US
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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