Forming efficient networks

David Pérez-Castrillo, David Wettstein

Research output: Contribution to journalArticleResearchpeer-review

6 Citations (Scopus)

Abstract

We suggest a simple sequential mechanism whose subgame perfect equilibria give rise to efficient networks. Moreover, the payoffs received by the agents coincide with their Shapley value in an appropriately defined cooperative game. © 2004 Elsevier B.V. All rights reserved.
Original languageEnglish
Pages (from-to)83-87
JournalEconomics Letters
Volume87
DOIs
Publication statusPublished - 1 Apr 2005

Keywords

  • Implementation
  • Networks
  • Shapley value

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