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A Survey of Models of Network Formation: Stability and Efficiency

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Working paper
Author/s: 
Matthew O. Jackon
Year: 
2003
I survey the recent literature on the formation of networks. I provide deļ¬nitions 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.
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