Networks with Group Counterproposals
Data
01.01.2008
01.01.2008
Autori
Ricardo Nieva
Codice JEL
C71,C72,C73,C78
C71,C72,C73,C78
Parole chiave:
Efficiency,Bargaining Protocol,Counterproposals,Network Formation,Transfers,Externalities,Groups,Coalitions
Efficiency,Bargaining Protocol,Counterproposals,Network Formation,Transfers,Externalities,Groups,Coalitions
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous transfer selection in a Nash demand like game in each period. Players in groups can counterpropose. We give necessary and sufficient conditions for efficiency in terms of cyclical monotonicity. The n-player group version always yields efficiency.