Shadow links

Förster M, Mauleon A, Vannetelbosch V (Accepted)
Journal of Economic Theory.

Zeitschriftenaufsatz | Angenommen | Englisch
 
Download
Es wurden keine Dateien hochgeladen. Nur Publikationsnachweis!
Autor*in
Förster, ManuelUniBi ; Mauleon, Ana; Vannetelbosch, Vincent
Abstract / Bemerkung
We propose a framework of network formation where players can form two types of links: public links observed by everyone and shadow links generally not observed by others. We introduce a novel solution concept called rationalizable conjectural pairwise stability, which generalizes Jackson and Wolinsky (1996)'s pairwise stability notion to accommodate shadow links. We first show that a network is stable if there exist beliefs such that each player conjectures to be in a network that is stable under correct beliefs, and in which she does not want to alter her links unilaterally. We then derive a mechanism to construct a stable network that is not stable under correct beliefs. Third, we establish that the set of stable networks is shrinking in the players' observation radius. Finally, we illustrate our framework in the context of two specific models and show that players may over(under)estimate others' connections and hence under(over)connect.
Stichworte
Network formation; Private information; Shadow links; Stability; Rationalizability
Erscheinungsjahr
2021
Zeitschriftentitel
Journal of Economic Theory
Page URI
https://pub.uni-bielefeld.de/record/2941640

Zitieren

Förster M, Mauleon A, Vannetelbosch V. Shadow links. Journal of Economic Theory. Accepted.
Förster, M., Mauleon, A., & Vannetelbosch, V. (Accepted). Shadow links. Journal of Economic Theory. https://doi.org/10.1016/j.jet.2021.105325
Förster, M., Mauleon, A., and Vannetelbosch, V. (Accepted). Shadow links. Journal of Economic Theory.
Förster, M., Mauleon, A., & Vannetelbosch, V., Accepted. Shadow links. Journal of Economic Theory.
M. Förster, A. Mauleon, and V. Vannetelbosch, “Shadow links”, Journal of Economic Theory, Accepted.
Förster, M., Mauleon, A., Vannetelbosch, V.: Shadow links. Journal of Economic Theory. (Accepted).
Förster, Manuel, Mauleon, Ana, and Vannetelbosch, Vincent. “Shadow links”. Journal of Economic Theory (Accepted).
Link(s) zu Volltext(en)
Access Level
OA Open Access

Export

Markieren/ Markierung löschen
Markierte Publikationen

Open Data PUB

Suchen in

Google Scholar