Common Contracts
1 similar null contracts
Subgame-perfect market sharing agreementsJanuary 24th, 2023
The formation of a link requires the consent of both parties involved, but severance can be done unilaterally. A network is pairwise stable (Jackson and Wolinsky, 1996) if (i) no pair of firms want to form a new link between them, and (ii) no one wants to sever any single direct link.
