Jiménez-Martínez, Antonio - Centro de Investigación y Docencia Económicas (CIDE) - 2009
This paper develops a model of costly information acquisition by agents who are connected through a network. For a … exogenously given network, each agent decides first on information acquisition from his neighbors and then, after processing the … information acquired, takes an action. Each agent is concerned about the extent to which other agents align their actions with the …