Technological progress builds upon itself, with the expansion of invention in one domain propelling future work in 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...

The architecture of complex forms of governance is the focus of this paper. Networks are complex forms of organization designed to govern inter-firm transactions involving horizontal and vertical coordination. The choice among alternative institutional arrangements is affected by...

Non-profit organisations and networks are both special. They demand and facilitate trust and can be combined.

Social media has become important in shaping the public discourse on controversial topics. Many businesses therefore monitor different social media channels and try to react adequately to a potentially harmful opinion climate. Still, little is known about how opinions form in an increasingly...

Network dynamics, economic transformation, and policy design are closely related phenomena that influence the performance of economic systems in a variety of ways. In this introductory paper, we set the stage for a series of excellent contributions addressing some still largely unexplored...

Economic agents care about their relative well-being, and the comparisons are usually local. We capture this using a network model, in which an agent's payoff depends on the ranking of their allocation among their network neighbors’. Given a network, an allocation is called α-stable if no...

Delayed perfect monitoring in an infinitely repeated discounted game is modelled by allocating the players to a connected and undirected network. Players observe their immediate neighbors' behavior only, but communicate over time the repeated game's history truthfully throughout the network. The...

This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...

Imperfect private monitoring in an infinitely repeated discounted Prisoner's Dilemma played on a communication network is studied. Players observe their direct neighbors' behavior only, but communicate strategically the repeated game's history throughout the network. The delay in receiving this...