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Stability and Efficiency of Economic and Social Networks

Jackson, Matthew O. (2003) Stability and Efficiency of Economic and Social Networks. In: Networks and Groups: Models of Strategic Formation. Springer , Berlin, pp. 99-140. ISBN 978-3-642-07719-7.

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This paper studies the formation of networks among individuals. The focus is on the compatibility of overall societal welfare with individual incentives to form and sever links. The paper reviews and synthesizes some previous results on the subject, and also provides new results on the existence of pairwise-stable networks and the relationship between pairwise stable and efficient networks in a variety of contexts and under several definitions of efficiency.

Item Type:Book Section
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Jackson, Matthew O.0000-0001-9846-4249
Additional Information:© 2003 Springer-Verlag Berlin Heidelberg.
Subject Keywords:Social Network; Network Formation; Allocation Rule; Economic Design; Complete Network
Record Number:CaltechAUTHORS:20190917-153746559
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:98697
Deposited By: Tony Diaz
Deposited On:17 Sep 2019 22:45
Last Modified:03 Oct 2019 21:43

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