A characterization of farsightedly stable networks (Q2344938)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | A characterization of farsightedly stable networks |
scientific article |
Statements
A characterization of farsightedly stable networks (English)
0 references
19 May 2015
0 references
Summary: We study the stability of social and economic networks when players are farsighted. We first provide an algorithm that characterizes the unique pairwise and groupwise farsightedly stable set of networks under the componentwise egalitarian allocation rule. We then show that this set coincides with the unique groupwise myopically stable set of networks but not with the unique pairwise myopically stable set of networks. We conclude that, if groupwise deviations are allowed then whether players are farsighted or myopic does not matter; if players are farsighted then whether players are allowed to deviate in pairs only or in groups does not matter.
0 references
farsighted players
0 references
pairwise deviations
0 references
groupwise deviations
0 references