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http://hdl.handle.net/10419/53326
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| Title: | | Myopic or farsighted? An experiment on network formation  |
| 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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