Date and LocationOct 02, 2018 - 3:30pm to 4:30pm
To kick-of the quarter, Professor Francesco Bullo will give an overview of the problem to be discussed. He starts with the papers and books by Matthew Jackson and Asher Wolinski, including the one below. This paper will be further discussed in subsequent weeks.
A Survey of Models of Network Formation: Stability and Efficiency
Jackson, Matthew O. (2003, November). A Survey of Models of Network Formation: Stability and Efficiency. In Group Formation in Economics: Networks, Clubs, and Coalitions, edited by Gabrielle Demange and Myrna Wooders. Cambridge University Press: Cambridge 2005.
I survey the recent literature on the formation of networks. I provide definitions of network games, a number of examples of models from the literature, and discuss some of what is known about the (in)compatibility of overall societal welfare with individual incentives to form and sever links