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: Jackson M
: The Stability and Efficiency of Economic and Social Networks : : 2003 : : Economics Working Paper Archive at WUSTL,series M () : 211011 : M.O. Jackson. The Stability and Efficiency of Economic and Social Networks // Economics Working Paper Archive at WUSTL,series Microeconomics, No 0211011. 2003 : This paper studies the formation of networks among individuals. The focus is on the compatibility of overall societal welfare with individual incentives to form and sever links. The paper reviews and synthesizes some previous results on the subject, and also provides new results on the existence of pairwise-stable networks and the relationship between pairwise stable and efficient networks in a variety of contexts and under several definitions of efficiency. : / : / : (pdf) : (html) : 6895, : 1346, : 10. |