This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission … of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is … dominant. Differently from other models, where the network represents only a channel to obtain information or to play a game …

This paper considers a model of economic network characterized by an endogenous architecture and frictions in the … relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that …

relationship between congestion and the optimal second-best policy, on the one hand, and congestion and the long run growth rate …

and user-cost structure. Our results emphasize the role of congestion in determining this optimal financing structure and … the consequences this has in turn for the government's budget. The latter consists of fee and tax revenues that are used …, depending upon the degree of congestion. We extend the model to allow for monopoly pricing of the user fee by the government …

and user-cost structure. Our results emphasize the role of congestion in determining this optimal financing structure and … the consequences this has in turn for the government’s budget. The latter consists of fee and tax revenues that are …, depending upon the degree of congestion. We extend the model to allow for monopoly pricing of the user fee by the government …

and wages move in the same direction under neo-classical assumptions, agglomeration economies in production, congestion in … congestion in production or the agglomeration in consumption models. The micro-economics of such consumption … thus suggest that consumption-oriented agglomeration and congestion should receive more attention in the future. …