Show simple item record

dc.contributor.authorOlaizola Ortega, María Norma
dc.contributor.authorValenciano Llovera, Federico
dc.date.accessioned2014-10-23T08:14:54Z
dc.date.available2014-10-23T08:14:54Z
dc.date.issued2014-05-28
dc.identifier.urihttp://hdl.handle.net/10810/13425
dc.description.abstractWe provide a model that bridges the gap between two benchmark models of strategic network formation: Jackson and Wolinsky' s model based on bilateral formation of links, and Bala and Goyal's two-way fl ow model, where links can be unilaterally formed. In the model introduced and studied here a link can be created unilaterally. When it is only supported by one of the two players the fl ow through the link suffers a certain decay, but when it is supported by both the fl ow runs without friction. When the decay in links supported by only one player is maximal (i.e. there is no flow) we have Jackson and Wolinsky 's connections model without decay, while when flow in such links is perfect we have Bala and Goyal' s two-way flow model. We study Nash, strict Nash and pairwise stability for the intermediate models. Efficiency and dynamics are also examined.es
dc.description.sponsorshipThis research is supported by the Spanish Ministerio de Economía y Competitividad under projects ECO2012-31626 and ECO2012-31346. Both authors also benefi t from the Departamento de Educación, Política Lingüística y Cultura of the Basque Government' s funding to Grupos Consolidados IT869-13 and IT568-13.es
dc.language.isoenges
dc.publisherDepartamento de Fundamentos del Análisis Económico I, UPV/EHUes
dc.relationinfo:eu-repo/grantAgreement/MINECO/ECO2012-31626
dc.relationinfo:eu-repo/grantAgreement/MINECO/ECO2012-31346
dc.relation.ispartofseriesIkerlanak;2014.80
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectnetwork formationes
dc.subjectunilateral link-formationes
dc.subjectbilateral link-formationes
dc.subjectstabilityes
dc.subjectefficiencyes
dc.subjectdynamicses
dc.titleUnilateral vs. Bilateral link-formation: Bridging the gapes
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.rights.holderAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.subject.jelA14es
dc.subject.jelC72es
dc.subject.jelD20es
dc.subject.jelJ00es
dc.identifier.repecRePEc:ehu:ikerla:13425es
dc.departamentoesFundamentos del análisis económico Ies_ES
dc.departamentoeuEkonomia analisiaren oinarriak Ies_ES
dc.subject.categoriaGENERAL ECONOMICS
dc.subject.categoriaMATHEMATICAL AND QUANTITATIVE METHODS
dc.subject.categoriaMICROECONOMICS
dc.subject.categoriaLABOR AND DEMOGRAPHIC ECONOMICS


Files in this item

Thumbnail
Thumbnail
Thumbnail
Thumbnail

This item appears in the following Collection(s)

Show simple item record

Attribution-NonCommercial-NoDerivatives 4.0 International
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 International