### Abstract

Jackson and Watts (2002, J Econ Theory) study a dynamic process of network formation assuming that each player is myopic. In this note, we study the same dynamic process but assume that each player is farsighted. In particular, we consider a finite-horizon version of such a dynamic process in a model of market sharing agreements introduced by Belleframme and Bloch (2004, Int Econ Review), an investigate which networks are likely to be realized when the number of the players is three.

Original language | English |
---|---|

Journal | Economics Bulletin |

Volume | 3 |

Issue number | 7 |

Publication status | Published - 2007 Jan 25 |

Externally published | Yes |

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### ASJC Scopus subject areas

- Economics, Econometrics and Finance(all)

### Cite this

*Economics Bulletin*,

*3*(7).

**Subgame-perfect market sharing agreements.** / Iimura, Masaki; Murakoshi, Seiji; Hokari, Toru.

Research output: Contribution to journal › Article

*Economics Bulletin*, vol. 3, no. 7.

}

TY - JOUR

T1 - Subgame-perfect market sharing agreements

AU - Iimura, Masaki

AU - Murakoshi, Seiji

AU - Hokari, Toru

PY - 2007/1/25

Y1 - 2007/1/25

N2 - Jackson and Watts (2002, J Econ Theory) study a dynamic process of network formation assuming that each player is myopic. In this note, we study the same dynamic process but assume that each player is farsighted. In particular, we consider a finite-horizon version of such a dynamic process in a model of market sharing agreements introduced by Belleframme and Bloch (2004, Int Econ Review), an investigate which networks are likely to be realized when the number of the players is three.

AB - Jackson and Watts (2002, J Econ Theory) study a dynamic process of network formation assuming that each player is myopic. In this note, we study the same dynamic process but assume that each player is farsighted. In particular, we consider a finite-horizon version of such a dynamic process in a model of market sharing agreements introduced by Belleframme and Bloch (2004, Int Econ Review), an investigate which networks are likely to be realized when the number of the players is three.

UR - http://www.scopus.com/inward/record.url?scp=34447302540&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=34447302540&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:34447302540

VL - 3

JO - Economics Bulletin

JF - Economics Bulletin

SN - 1545-2921

IS - 7

ER -