On the Tension Between Stability and Efficiency in Two-Way Flow Network with Small Decay
The tension between stability and efficiency in network formation models refers to a common finding in the literature of social networks: equilibrium networks and efficient networks often exhibit substantially different characteristics. In this note, I show that this tension can be partially reconci...
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| Format: | Article |
| Language: | English |
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Dunarea de Jos University of Galati
2025-04-01
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| Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| Subjects: | |
| Online Access: | http://eia.feaa.ugal.ro/images/eia/2025_1/Banchongsan_Charoensook.pdf |
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