Forming efficient networks

David Pérez-Castrillo, David Wettstein

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

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.

Original languageEnglish
Pages (from-to)83-87
Number of pages5
JournalEconomics Letters
Volume87
Issue number1
DOIs
StatePublished - 1 Apr 2005

Keywords

  • Implementation
  • Networks
  • Shapley value

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