Search Results - subject:"Network Formation"

Balmaceda, Felipe - Econometric Society - 2004

In this paper we adopt Granovetter's view expressed in his famous article ''Economic Action and Social Structure: The Problem of Embeddedness'' , where he argues that the concept of man in economics is extremely undersocialized because it ignores the importance of social networks. In so doing...

Persistent link: https://www.econbiz.de/10005328927

Farsightedly Basic Networks

Page, Jr. Frank H.; Wooders, Myrna H; Kamat, Samir - Department of Economics, University of Warwick - 2004

We make two main contributions to the theory of network formation. First, we introduce a new notion of farsighted … equilibrium in network formation. In particular, we introduce the notion of a farsightedly basic network, as well as the notion of … a farsighted basis. Given the feasible set of networks, the rules governing network formation, and the preferences of …

Persistent link: https://www.econbiz.de/10005368575

From Exogenous to Endogenous Networks: Internet Applications

D'Ignazio, A.; Giovannetti, E. - Faculty of Economics, University of Cambridge - 2004

Economic agents' behavior is affected by their position in a network, either exogenous or endogenous, in which they interact with a subset of neighbours only. The network's links, which may be generated by vertical and/or horizontal relations, or by more complex morphologies, may explain the...

Persistent link: https://www.econbiz.de/10005113761

Network formation under heterogeneous costs : the multiple group model

Kamphorst, Jurjen; Laan, Gerard van der - 2004

paper continues on the work of Galeotti, Goyal and Kamphorst (2003). In their paper they investigate a model of network … formation, where players are divided into groups. The costs of a link between any pair of players are increasing in the distance …

Persistent link: https://www.econbiz.de/10011334857

The formation of networks with transfers among players

Bloch, Francis; Jackson, Matthew O. - 2004

We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...

Persistent link: https://www.econbiz.de/10011603119

It's all about Connections: Evidence on Network Formation

Falk, Armin; Kosfeld, Michael - 2003

We present an economic experiment on network formation, in which subjects can decide to form links to one another … asymmetry, i.e., payoff inequity, plays an important role in the network formation process. …

Persistent link: https://www.econbiz.de/10010262760

Self-Organizing Innovation Networks: When do Small Worlds Emerge?

CARAYOL, Nicolas; ROUX, Pascale - Groupement de Recherches Économiques et Sociales (GRES) - 2003

In this paper, we present a model of 'collective innovation' built upon the network formation formalism. In our model … of network formation exhibits prefeRential meeting for close agents (in the relational network and in the geographic …

Persistent link: https://www.econbiz.de/10005379201

Networks and Farsighted Stability

H, Page Jr. Frank; Wooders, Myrna; Kamat, Samir - Department of Economics, University of Warwick - 2003

We make two main contributions to the theory of economic and social network formation. First, we introduce the notion … of a network formation network or a supernetwork. Supernetworks provide a framework in which we can formally define and … analyze farsightedness in network formation. Second, we introduce a new notion of equilibrium corresponding to farsightedness …

Persistent link: https://www.econbiz.de/10005748201

Coordination and Evolutionary Network Formation with Asymmetric Link Costs: Part One

Fukuzumi, Masakazu - Research Institute for Economics and Business … - 2003

We analyze a dynamic implication of an evolutionary process in a population where both actions and network structures changes over time. At every period, a coordination game is played by players who are linked with each other. An asymmetric cost of a link is incorporated. Under this setting each...

Persistent link: https://www.econbiz.de/10005207852

PAYOFF FUNCTIONS IN THE ONE-WAY FLOW MODEL OF NETWORK FORMATION FOR WHICH NASH NETWORKS EXIST

DERKS, JEAN; TENNEKES, MARTIJN - In: International Game Theory Review (IGTR) 13 (2011) 01, pp. 61-73

We study a non-cooperative model of unilateral network formation. Derks et al. [2008b] prove the existence of local …

Persistent link: https://www.econbiz.de/10009366447