of the agreement form an information network. The network's members optimally specialize based on their opportunities in … particular aspects of the technology or in expanding or managing the network. Endogenously there are incentives to standardize on … designs and descriptions of the technology. A tinkerer in the network who sees an opportunity to produce a profitable product …

In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors … in the network benefit from each other's action levels through local complementarities and there exists a global …

and how firms perform within such networks. Our model replicates some stylised empirical results on network structure and … the contingent effects of network position on innovative performance. We find networks that exhibit small world properties …, certain network strategies such as occupying brokerage positions or maximising accessibility to potential partners pay off …

the interplay between knowledge diffusion and network formation can give rise to a cyclical pattern in the collaboration … large R&D collaboration network over the years 1985 to 2011. We then study the efficient network structure, compare it to … the decentralized equilibrium structures generated, and design an optimal network policy to maximize welfare in the …

efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions ….6%. Our study further reveals that when ignoring the network structure the impact of firm exit or mergers is significantly …

In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors … in the network benefit from each other's action levels through local complementarities and there exists a global …

belonged to the exiting key player's ego-network, indicating that the group level provides a source of stability and …

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong …