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Title:Myopic or farsighted? An experiment on network formation PDF Logo
Authors:Mantovani, Marco
Kirchsteiger, Georg
Mauleon, Ana
Vannetelbosch, Vincent
Issue Date:2011
Series/Report no.:Nota di lavoro // Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development Series 45.2011
Abstract:Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes myopic behavior of the agents in the sense that they do not forecast how others might react to their actions. Assuming that agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test these theories. Our results provide support for farsighted stability and strongly reject the idea of myopic behavior.
Subjects:Network Formation
Experiment
Myopic and Farsighted Stability
JEL:D85
C91
C92
Document Type:Working Paper
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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