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network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010275834
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10010320417
paper continues on the work of Galeotti, Goyal and Kamphorst (2003). In their paper they investigate a model of network …
Persistent link: https://www.econbiz.de/10010325385
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10010272547
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation … shown that there always exists a pairwise stable network as long as the utility function of each player satisfies convexity … in own links and strategic complements. For network societies with a profile of utility functions satisfying concavity in …
Persistent link: https://www.econbiz.de/10010272600
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identification and application show that the analysis of social interactions can be extended to economic realms where no network data …
Persistent link: https://www.econbiz.de/10014480409