caa a22 4500 47573954X CHVBK 20180406123456.0 cr unu---uuuuu 170329e20000901xx s 000 0 eng 10.1007/PL00013688 doi (NATIONALLICENCE)springer-10.1007/PL00013688 The stability and efficiency of directed communication networks [Elektronische Daten] [Bhaskar Dutta, Matthew O. Jackson] : Abstract. This paper analyzes the formation of directed networks where self-interested individuals choose with whom they communicate. The focus of the paper is on whether the incentives of individuals to add or sever links will lead them to form networks that are efficient from a societal viewpoint. It is shown that for some contexts, to reconcile efficiency with individual incentives, benefits must either be redistributed in ways depending on "outsiders” who do not contribute to the productive value of the network, or in ways that violate equity (i.e., anonymity). It is also shown that there are interesting contexts for which it is possible to ensure that efficient networks are individually stable via (re)distributions that are balanced across components of the network, anonymous, and independent of the connections of non-contributing outsiders. Springer-Verlag Berlin Heidelberg, 2000 JEL classification: A14, D20, J00 nationallicence Key words: Networks, stability, efficiency, incentives nationallicence Dutta Bhaskar Indian Statistical Institute, 7 SJS Sansanwal Marg, New Delhi 110016, India (e-mail: dutta@isid.ac.in), IN aut Jackson Matthew O. Devision of Humanities and Social Sciences, Caltech, Pasadena, CA 91125, USA (e-mail: jacksonm@hss.caltech.edu), US aut https://doi.org/10.1007/PL00013688 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/PL00013688 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Dutta Bhaskar Indian Statistical Institute, 7 SJS Sansanwal Marg, New Delhi 110016, India (e-mail: dutta@isid.ac.in), IN aut NATIONALLICENCE 700 1- Jackson Matthew O. Devision of Humanities and Social Sciences, Caltech, Pasadena, CA 91125, USA (e-mail: jacksonm@hss.caltech.edu), US aut Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer