Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10013186842
I propose a simple theory of strategic network formation that accounts for many empirical patterns. Three elements forge the theory: i) local linking benefits, ii) convex linking costs, and iii) swap-proofness, a new refinement of pairwise stability. If players agree about who is a more...
Persistent link: https://www.econbiz.de/10014235872
Centrality measures play a key role in network analysis. This paper studies the extent to which these measures share a common structure. In contrast with prior work, I take an ordinal approach, considering preorders on the vertex set of a graph that satisfy an intuitive axiom called recursive...
Persistent link: https://www.econbiz.de/10013231293
We can often predict the behavior of those closest to us more accurately than that of complete strangers, yet we routinely engage in strategic situations with both: our social network impacts our strategic knowledge. Peer-confirming equilibrium describes the behavioral consequences of this...
Persistent link: https://www.econbiz.de/10012934992
Persistent link: https://www.econbiz.de/10014558680