The aim of this paper is to provide a tractable model where both socialization (or network formation) and productive … efforts can be analyzed simultaneously. This permits a full-fledged equilibrium/welfare analysis of network formation with …

We study a model that integrates productive and socialization efforts with network choice and parental investments. We … effort, but that solving only the investment problem can exacerbate the misallocations due to network choice, to the point … interaction of parental investment with network choice. We relate these equilibrium results with characteristics that we find in …

network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …

We consider a dynamic model of network formation where agents form and sever links based on the centrality of their …

We analyze a model of network formation with agents that belong to different communities and an endogenous cost … connection decrease with distance in the network, while the cost of a link depends on the type of agents involved in it as well … individual positions in the network. We derive a number of results with regard to equilibrium networks: (i) socialization among …

Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes … agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …

networks form, the impact of network structure on agents' outcomes, and the evolution of networks over time. For this purpose …, we combine a network game introduced by Ballester et al. (2006), where the Nash equilibrium action of each agent is … proportional to her Bonacich centrality, with an endogenous network formation process. Links are formed on the basis of agents …