Quotation Teteryatnikova, Mariya. 2021. Cautious farsighted stability in network formation games with streams of payoffs. International Journal of Game Theory.


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Abstract

We propose a new notion of farsighted pairwise stability for dynamic network for-mation which includes two notable features: consideration of intermediate payoffsand cautiousness. This differs from existing concepts which typically consider eitheronly immediate or final payoffs, and which often require that players are optimisticin any environment without full communication and commitment. For arbitrary (andpossibly heterogeneous) preferences over the process of network formation, a non-emptycautious path stableset of networks always exists. Furthermore, some generalrelationships exist between cautious path stability and other farsighted concepts.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Journal of Game Theory
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, VW-C
Language English
Title Cautious farsighted stability in network formation games with streams of payoffs
Year 2021
Reviewed? Y
URL https://link.springer.com/article/10.1007%2Fs00182-021-00771-3
DOI http://dx.doi.org/10.1007/s00182-021-00771-3
Open Access N
JEL D85·A14·C71

Associations

People
Teteryatnikova, Mariya (Former researcher)
Organization
Department of Economics (Weiss) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
1152 Game theory (Details)
5370 Industrial economics (Details)
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