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Title: Subscription Mechanisms for Network Formation
Authors: Mutuswami, Suresh
Winter, Eyal
First Published: 2003
Citation: Journal of Economic Theory, 2003, 106, (2), pp.242-264
Abstract: We analyze a model of network formation where the costs of link formation are publicly known but individual benefits are not known to the social planner. The objective is to design a simple mechanism ensuring efficiency, budget balance, and equity. We propose two mechanisms towards this end; the first ensures efficiency and budget balance but not equity. The second mechanism corrects the asymmetry in payoffs through a two-stage variant of the first mechanism.
DOI Link: 10.1006/jeth.2001.2920
ISSN: 0022-0531
Type: Article
Appears in Collections:Published Articles, Dept. of Economics

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