Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158557
Authors: 
Olaizola, Norma
Valenciano, Federico
Year of Publication: 
2016
Citation: 
[Journal:] SERIEs - Journal of the Spanish Economic Association [ISSN:] 1869-4195 [Volume:] 7 [Year:] 2016 [Issue:] 2 [Pages:] 257-278
Abstract: 
We provide a model that allows for a transition between the simplest variation of two basic models of strategic network formation: Bala and Goyal's one-way flow model without decay, where links can be unilaterally formed, and a version without decay of Jackson and Wolinsky's connections model based on bilateral formation of links. In the transitional model introduced here, these two benchmark models appear as extreme cases.We study efficiency and Nash, strict Nash and pairwise Nash stability for the intermediate model. Dynamics are also discussed.
Subjects: 
Network formation
Unilateral link-formation
Bilateral link-formation
Efficiency
Stability
Dynamics
JEL: 
A14
C72
D85
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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