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Stability of Networks under Level-K Farsightedness

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Mauleon, Ana [FUSL]

We introduce the concept of a level-K farsighted set to study the influence of the degree of farsightedness on network stability. The concept generalizes existing concepts where all players are either fully myopic or fully farsighted. We show that a level-K farsighted set always exists and that the level-1 farsighted set G1 is always unique. For generic allocation rules, the set G1 always contains a level-K farsighted set for any K: We provide easy to verify conditions for a set of networks to be a level-K farsighted set and we consider the efficiency of networks in level-K farsighted sets. We show the tractability of the concept by applying it to a model of criminal networks.

Document type Communication à un colloque (Conference Paper) – Présentation orale avec comité de sélection
Publication date 2016
Language Anglais
Conference "Bridging Gaps: CORE@50 Conference", CORE, Université catholique de Louvain, Louvain-la-Neuve (Belgium) (du 23/05/2016 au 27/05/2016)
Affiliations USL-B - Centre de recherche en Economie (CEREC)
USL-B - Autre
UCL - SSH/IRIS-L/CERE - Centre de recherche en économie
UCL - Autre
Links
Bibliographic reference Mauleon, Ana ; et. al. Stability of Networks under Level-K Farsightedness.Bridging Gaps: CORE@50 Conference (CORE, Université catholique de Louvain, Louvain-la-Neuve (Belgium), du 23/05/2016 au 27/05/2016).
Permanent URL http://hdl.handle.net/2078.3/176956