Symmetric Convex Games and Stable Structures

M. Slikker; H.W. Norde

Symmetric Convex Games and Stable Structures

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Abstract

We study the model of link formation that was introduced by Aumann and Myerson (1988) and focus on symmetric convex games with transferable utilities. We answer an open question in the literature by showing that in a specific symmetric convex game with six players a structure that results in the same payoffs as the full cooperation structure can be formed according to a subgame perfect Nash equilibrium.

Original language	English
Place of Publication	Tilburg
Publisher	Microeconomics
Number of pages	25
Volume	2004-114
Publication status	Published - 2004

Publication series

Name	CentER Discussion Paper
Volume	2004-114

Keywords

symmetric convex game
undirected graph
link formation
stable structures

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abstract = "We study the model of link formation that was introduced by Aumann and Myerson (1988) and focus on symmetric convex games with transferable utilities. We answer an open question in the literature by showing that in a specific symmetric convex game with six players a structure that results in the same payoffs as the full cooperation structure can be formed according to a subgame perfect Nash equilibrium.",

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language = "English",

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T1 - Symmetric Convex Games and Stable Structures

AU - Slikker, M.

AU - Norde, H.W.

N1 - Pagination: 25

PY - 2004

Y1 - 2004

N2 - We study the model of link formation that was introduced by Aumann and Myerson (1988) and focus on symmetric convex games with transferable utilities. We answer an open question in the literature by showing that in a specific symmetric convex game with six players a structure that results in the same payoffs as the full cooperation structure can be formed according to a subgame perfect Nash equilibrium.

AB - We study the model of link formation that was introduced by Aumann and Myerson (1988) and focus on symmetric convex games with transferable utilities. We answer an open question in the literature by showing that in a specific symmetric convex game with six players a structure that results in the same payoffs as the full cooperation structure can be formed according to a subgame perfect Nash equilibrium.

KW - symmetric convex game

KW - undirected graph

KW - link formation

KW - stable structures

M3 - Discussion paper

VL - 2004-114

T3 - CentER Discussion Paper

BT - Symmetric Convex Games and Stable Structures

PB - Microeconomics

CY - Tilburg

ER -

Symmetric Convex Games and Stable Structures

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Keywords

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