Unilateral vs. Bilateral link-formation: Bridging the gap

Olaizola Ortega, María Norma; Valenciano Llovera, Federico

dc.contributor.author	Olaizola Ortega, María Norma
dc.contributor.author	Valenciano Llovera, Federico
dc.date.accessioned	2014-10-23T08:14:54Z
dc.date.available	2014-10-23T08:14:54Z
dc.date.issued	2014-05-28
dc.identifier.uri	http://hdl.handle.net/10810/13425
dc.description.abstract	We 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.sponsorship	This 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.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;2014.80
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	stability	es
dc.subject	efficiency	es
dc.subject	dynamics	es
dc.title	Unilateral vs. Bilateral link-formation: Bridging the gap	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:13425	es
dc.departamentoes	Fundamentos del análisis económico I	es_ES
dc.departamentoeu	Ekonomia analisiaren oinarriak I	es_ES
dc.subject.categoria	GENERAL ECONOMICS
dc.subject.categoria	MATHEMATICAL AND QUANTITATIVE METHODS
dc.subject.categoria	MICROECONOMICS
dc.subject.categoria	LABOR AND DEMOGRAPHIC ECONOMICS