Partner Heterogeneity Increases the Set of Strict Nash Networks
Galeotti et al. (2006, [2]) show that all minimal networks can be strict Nash in two-way flow models with full parameter heterogeneity while only inward pointing stars and the empty network can be strict Nash in the homogeneous parameter model of Bala and Goyal (2000, [1]). In this note we show that the introduction of partner heterogeneity plays a major role in substantially increasing the set of strict Nash equilibria.
Authors: | Sarangi, Sudipta ; Billand, Pascal ; Bravard, Christophe |
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Institutions: | Department of Economics, Ourso College of Business |
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