Stable networks
成果类型：
Article
署名作者：
Dutta, B; Mutuswami, S
署名单位：
California Institute of Technology
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1997.2306
发表日期：
1997
页码：
322-344
关键词：
摘要：
A network is a graph where the nodes represent agents and an are exists between two nodes if the corresponding agents interact bilaterally. An exogeneous value function gives the value of each network, while an allocation rule describes how the value is distributed amongst the agents. M. Jackson and A. Wolinsky (1996, J. Econ. Theory 71, 44-74) have recently demonstrated a potential conflict between stability and efficiency in this framework. In this paper, we use an implementation approach to see whether the tension between stability and efficiency can be resolved. (C) 1997 Academic Press.