The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … network. We show that the delay in information transmission caused by incomplete network structures may induce players to … increase own experimentation efforts. As a consequence a complete network can fail to be optimal even if there are no costs for …

This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network …

This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network …

network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …

socially efficient level. We analyze the situation when the tragedy of the commons is embedded in a network of users and … exists a unique equilibrium. But when the users have concave values, the network structure matters. The exploitation at each … formula which expresses the quantities at an equilibrium as a function of a network centrality measure. Next we characterize …