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ABSTRACT:

We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous transfer selection in a Nash demand like game in each period. Players in groups can counterpropose. We give necessary and sufficient conditions for efficiency in terms of cyclical monotonicity. The n-player group version always yields efficiency.

SUGGESTED CITATION:
Ricardo Nieva, "Networks with Group Counterproposals" (September 15, 2008). Fondazione Eni Enrico Mattei Working Papers. Working Paper 220.
http://www.bepress.com/feem/paper220