Show simple item record

dc.contributor.authorOlaizola Ortega, María Norma
dc.contributor.authorValenciano Llovera, Federico
dc.date.accessioned2015-01-16T11:25:53Z
dc.date.available2015-01-16T11:25:53Z
dc.date.issued2014-11-26
dc.identifier.urihttp://hdl.handle.net/10810/13991
dc.descriptionDocumento de trabajoes
dc.description.abstractWe provide a model that bridges de gap between the simplest variation of two benchmark models of strategic network formation: Bala and Goyal s one-way ow model without decay, where links can be unilaterally formed, and a variation without decay of Jackson and Wolinsky s connections model based on bilateral formation of links. In the model introduced here, a link can be created unilaterally, but when it is only supported by one player the ow through the link only occurs towards the player supporting it and su¤ers some degree of decay, while when it is supported by both the ow runs without friction in both directions. When the decay in links supported by only one player is maximal (i.e. there is no ow) we have Jackson and Wolinsky s connections model without decay, while when ow in those links is perfect towards the player supporting them, we have Bala and Goyal s one-way ow model. We study Nash, strict Nash and pairwise Nash stability for the intermediate models. E¢ ciency and dynamics are also discussed.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 bene t from the Basque Government Departamento de Educación, Política Lingüística y Cultura funding for Grupos Consolidados IT869-13 and IT568-13.es
dc.language.isoenges
dc.publisherDepartamento de Fundamentos del Análisis Económico Ies
dc.relationinfo:eu-repo/grantAgreement/MINECO/ECO2012-31626
dc.relationinfo:eu-repo/grantAgreement/MINECO/ECO2012-31346
dc.relation.ispartofseriesIkerlanak;2014.83
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.titleFrom bilateral two-way to unilateral one-way flow link-formationes
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:13991es
dc.departamentoesFundamentos del análisis económico Ies_ES
dc.departamentoeuEkonomia analisiaren oinarriak Ies_ES
dc.subject.categoriaMICROECONOMICS
dc.subject.categoriaGENERAL ECONOMICS
dc.subject.categoriaMATHEMATICAL AND QUANTITATIVE METHODS
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