A Unifying model of strategic network formation

Olaizola Ortega, María Norma; Valenciano Llovera, Federico

dc.contributor.author	Olaizola Ortega, María Norma
dc.contributor.author	Valenciano Llovera, Federico
dc.date.accessioned	2015-03-13T12:17:48Z
dc.date.available	2015-03-13T12:17:48Z
dc.date.issued	2015-02-17
dc.identifier.uri	http://hdl.handle.net/10810/14746
dc.description	Documento de trabajo	es
dc.description.abstract	We provide a model that merges two basic models of strategic network formation and incorporates them as extreme cases: Jackson and Wolinsky' s connections model based on bilateral formation of links, and Bala and Goyal' s two-way flow model, where links can be unilaterally formed. In our model a link can be created unilaterally, but when it is only supported by one of the two players the flow through it suffers some friction or decay, but more than when it is supported by both players. When the friction in singly-supported links is maximal (i.e. there is no fl ow) we have Jackson and Wolinsky 's connections model, while when fl ow in singly-supported links is as good as in doubly-supported links we have Bala and Goyal' s two-way flow model. In this setting, a joint generalization of the results relative to efficiency and stability in both seminal papers is achieved, and the robustness in both models is tested with positive results.	es
dc.description.sponsorship	Spanish Ministerio de Economía y Competitividad under proyects ECO2012-31626 and ECO2012-31346.both authors also benefit the Basque Government Departamento de Educación, Política Lingü´´istica y Cultura funding for Grupos Consolidados IT869-13 and IT568-13	es
dc.language.iso	eng	es
dc.publisher	Departamento de Fundamentos del Análisis Económico I, UPV/EHU	es
dc.relation	info:eu-repo/grantAgreement/MINECO/ECO2012-31626
dc.relation	info:eu-repo/grantAgreement/MINECO/ECO2012-31346
dc.relation.ispartofseries	Ikerlanak;2015.85
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	network formation	es
dc.subject	unilateral link-formation	es
dc.subject	bilateral link-formation	es
dc.subject	efficiency	es
dc.subject	stability	es
dc.title	A Unifying model of strategic network formation	es
dc.type	info:eu-repo/semantics/workingPaper	es
dc.rights.holder	Attribution-NonCommercial-NoDerivatives 4.0 International	*
dc.subject.jel	A14	es
dc.subject.jel	C72	es
dc.subject.jel	D20	es
dc.subject.jel	J00	es
dc.identifier.repec	RePEc:ehu:ikerla:14746	es
dc.departamentoes	Fundamentos del análisis económico I	es_ES
dc.departamentoeu	Ekonomia analisiaren oinarriak I	es_ES
dc.subject.categoria	MATHEMATICAL AND QUANTITATIVE METHODS
dc.subject.categoria	LABOR AND DEMOGRAPHIC ECONOMICS
dc.subject.categoria	GENERAL ECONOMICS
dc.subject.categoria	MICROECONOMICS